Holographic Studios Leases Retail Space At 170 East 2nd Street From Parag Sawhney
170 East 2nd Street
$110
$110/SF
Building Size
650 SF
Asset Type
Retail
Closing
Feb 27, 2025
About this deal
AI
The asset involved in the transaction is a retail property located at 170 East 2nd Street in the East Village market. The property encompasses a total square footage of 650, with an asking rent of $110 per foot. The lease type is a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $110/ft
- Square Footage: 650
- Address: 170 East 2nd Street
- Market: East Village
- Landlord: Parag Sawhney
- Tenant: Holographic Studios
- Landlord's Representative: Ben Biberaj & Elliot Wygoda - Meridian Capital Group
- Tenant's Representative: Alexander Furst - Watch Hill Real Estate
The deal involved Parag Sawhney as the landlord, with Holographic Studios as the tenant. The representatives facilitating the transaction included Ben Biberaj and Elliot Wygoda from Meridian Capital Group representing the landlord, while Alexander Furst from Watch Hill Real Estate represented the tenant.
On the Map
$110
$110/SF
Retail
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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
144209.09%
Cash-on-Cash
-41215.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93