Green Land Gourmet Deli Leases Retail Space In East Village At 158 Avenue C
158 Avenue C, Manhattan, New York, NY, USA
Building Size
1,400 SF
Asset Type
Retail
Closing
Jan 11, 2021
AI
Located in the East Village, the retail property at 158 Avenue C has recently been leased. The deal was facilitated by brokers James Famularo, Isaac Bijou, and Clayton Traynham from the Meridian Capital Group. Green Land Gourmet Deli has become the new tenant of the space, while Centennial Properties continues to be the landlord.
Summary of transation details
- Property Type: Retail
- Transaction Date: 01/12/2021
- Address: 158 Avenue C
- Market: East Village
- Tenant: Green Land Gourmet Deli
- Landlord: Centennial Properties
- Brokers: James Famularo, Isaac Bijou, Clayton Traynham - Meridian Capital Group
- Asking Rent: $85/ft.
- Square Footage: 1,400
The lease deal at 158 Avenue C was successfully negotiated with the involvement of James Famularo, Isaac Bijou, and Clayton Traynham from the Meridian Capital Group. The property will now be occupied by Green Land Gourmet Deli, offering its services to the East Village market. Meanwhile, Centennial Properties has taken on the role of the landlord for this retail space.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93