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147 Avenue A

WeHots Leases 800 Square Feet Retail Space At 147 Avenue A In New York
LEASEDRetail

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:

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

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

197 deals

Broker

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