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158 Avenue C, Manhattan, Ne...

Green Land Gourmet Deli Leases Retail Space In East Village At 158 Avenue C
LEASEDRetail

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

Isaac Bijou

MOD

Broker

$1.4M

vol

39 deals

Broker
Centennial Properties
Centennial PropertiesLandlord

New York Retail Market Snapshot

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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