Mark Zhang Signs Lease For Retail Space At 166 2nd Ave, East Village
166 2nd Avenue
$187
$187/SF
Building Size
770 SF
Asset Type
Retail
Closing
Jul 1, 2023
AI
The retail property located at 166 2nd Ave in East Village has been leased. The property has a total area of 770 square feet. The landlord of the property is BLDG Management and the tenant is Mark Zhang. The lease transaction was facilitated by the brokers Tyler Zar, Tanner Zar, and Adam Lavian of Titan Group New York and Zelnik & Company. The asking rent for the property was $187 per square foot.
Summary of transaction details
- Property Type: Retail
- Address: 166 2nd Ave
- Market: East Village
- Landlord: BLDG Management
- Tenant: Mark Zhang
- Brokers: Tyler Zar, Tanner Zar, Adam Lavian - Titan Group New York; Zelnik & Company
- Asking Rent: $187/ft
- Total Square Footage: 770
The leasing transaction for the retail property at 166 2nd Ave in East Village was handled by brokers Tyler Zar, Tanner Zar, and Adam Lavian of Titan Group New York and Zelnik & Company. The property was leased to Mark Zhang, with the landlord being BLDG Management. For more information or inquiries, interested parties can contact Tyler Zar at [email protected] or by calling (516) 784-0478.
Players
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
84828.88%
Cash-on-Cash
-24244.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93