WeHots Leases 800 Square Feet Retail Space At 147 Avenue A In New York
147 Avenue A
$150
$150/SF
Building Size
800 SF
Asset Type
Retail
Closing
Mar 12, 2025
AI
The property asset involved in the transaction is a retail space located at 147 Avenue A in the East Village market. The asking rent is set at $150 per square foot, with a total area of 800 square feet. The lease agreement is categorized as a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $120,000
- Landlord: Steven Croman
- Tenant: WeHots
- Landlord's Representative: Ben Biberaj & Elliot Wygoda - Meridian Capital Group
- Tenant's Representative: Joseph Khojahiny - Meridian Capital Group
The deal includes key individuals and companies such as the landlord, Steven Croman, and tenant WeHots, who engaged in the leasing process. Ben Biberaj and Elliot Wygoda represented the landlord, while Joseph Khojahiny acted on behalf of the tenant, all through Meridian Capital Group.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
105753.33%
Cash-on-Cash
-30224.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93