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168 Avenue B, New York City...

Burgers On B Leases Retail Space In East Village At 168 Ave B
LEASEDRetail

Burgers On B Leases Retail Space In East Village At 168 Ave B

168 Avenue B, New York City, New York 10009, United States

Building Size

1,050 SF

Asset Type

Retail

Closing

May 31, 2022

AI

The retail property located at 168 Ave B in the East Village has been leased. The lease transaction was facilitated by Meridian Retail Leasing, with Alex Imperatore representing the tenant, Burgers on B. The landlord, Chan Neuhouser, was represented by Adam Lavian, Tyler Zar, and Tanner Zar of Titan Group New York. The lease deal was completed on 06/01/2022.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not available
  • Address: 168 Ave B
  • Market: East Village

Titan Group New York, a real estate brokerage specializing in the NYC leasing market, served as the bridge between the landlord and tenant in this transaction. Adam Lavian, Tyler Zar, and Tanner Zar of Titan Group New York provided their expertise to ensure the successful completion of the lease. They utilized new real estate software to optimize their performance and enhance the leasing process.

For more information or inquiries regarding NYC leasing, please contact Titan Group directly:

Adam Lavian
Email: [email protected]
Phone: (516) 662-6176

Tyler Zar
Email: [email protected]
Phone: (516) 784-0478

Tanner Zar
Email: [email protected]
Phone: (516) 606-8998

Players

Adam Lavian

Titan Group New York

Broker

58 deals

Broker

Chan Neuhouser

Landlord

2 deals

Landlord

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93