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
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