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162 1st Avenue

EV Market Leases Retail Space At 162 1st Avenue In New York City
LEASEDRetail

EV Market Leases Retail Space At 162 1st Avenue In New York City

162 1st Avenue

$180

$180/SF

Building Size

1,500 SF

Asset Type

Retail

Closing

Jan 6, 2023

AI

The retail property located at 162 1st Avenue, New York City, has recently been leased. The property, spanning 1,500 square feet, was leased by EV Market. Rosa Bruni is the landlord of the property, and Haz Aliessa from Tower Brokerage served as the landlord's representative in the deal. Claude Kolb from KSR acted as the tenant's representative.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: N/A
  • Asking Rent: $180/ft

This lease agreement signifies a successful transaction between the landlord, Rosa Bruni, and the tenant, EV Market. The property boasts a prime location on 1st Avenue in the bustling market of New York City.

With the assistance of their respective representatives, Rosa Bruni and EV Market were able to negotiate and finalize the lease agreement for the retail property. Haz Aliessa of Tower Brokerage represented the landlord, while Claude Kolb from KSR advocated for the interests of EV Market.

Players

Claude Kolb

Lee & Associates

Broker

40 deals

Broker

Rosa Bruni

Landlord

2 deals

Landlord
EM
EV MarketTenant

New York City 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

88127.78%

Cash-on-Cash

-25187.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93