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High Point Property Group Leases Retail Space To Moim Hospitality In East Village For $135/ft

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LEASED
$135

New York

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Retail2,800 SF
Leased 09/29/2025
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Property Image
LEASED

High Point Property Group Leases Retail Space To Moim Hospitality In East Village For $135/ft

176 1st Avenue

See Similar Deals
Retail2,800 SF
Leased 09/29/2025
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$135
Total Square Footage:2,800 SF
Transaction Type:Lease

The property involved in this transaction is a retail asset located at 176 1st Avenue in the East Village, Manhattan. The lease agreement specifies a term of 10 years for the space, which encompasses 2,800 square feet. The asking rent for this property has been set at $135 per square foot, and it operates under a single net lease structure.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $135/ft
  • Square Footage: 2,800
  • Address: 176 1st Avenue
  • Market: East Village, Manhattan
  • Lease Term: 10 Years
  • Lease Type: Single Net Lease
  • Landlord: High Point Property Group
  • Tenant: Moim Hospitality
  • Landlord's Representative: Michael Segerman - Current Real Estate Advisors
  • Tenant's Representative: Jeff Jacobson - Masonre

The key individuals involved in this deal include Michael Segerman, representing the landlord, and Jeff Jacobson, representing the tenant. Both representatives play crucial roles in facilitating the lease agreement between High Point Property Group and Moim Hospitality, ensuring that the transaction is effectively negotiated and finalized.

Players

Michael Segerman
27 deals$8.6M volume(516) 297-3337
BROKER


Current Real Estate Advisors
BROKERAGE

Masonre
BROKERAGE

Details

LEASED
IMAGE: Michael Segerman & Jeff Jacobson DATE: 9/29/2025 ADDRESS: 176 1st Avenue MARKET: East Village, Manhattan ASSET TYPE: Retail LANDLORD: High Point Property Group TENANT: Moim Hospitality LANDLORD'S REP: Michael Segerman (@Segercruz) - Current Real Estate Advisors (@CurrentRealEstate) TENANT'S REP: Jeff Jacobson (@JeffJacobsonNYC) - Masonre (@Masonre) ASKING RENT: $135/ft ~ SF: 2,800 LEASE TERM: 10 Years LEASE TYPE: Single Net Lease

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Deal Type
Effective Rent (Annual)

$433,334.64

Total Lease Value

$4,333,346.38

Net Landlord Cash Flow$433,334.64