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185 Avenue C, Manhattan, Ne...

Up & Up Laundromat Leases Retail Space At 185 Avenue C In East Village
LEASEDRetail

Up & Up Laundromat Leases Retail Space At 185 Avenue C In East Village

185 Avenue C, Manhattan, New York, NY, USA

Building Size

1,100 SF

Asset Type

Retail

Closing

Oct 29, 2021

AI

Located at 185 Avenue C in the East Village, this retail property has recently been leased. The transaction took place on October 29, 2021, with Gatsby Enterprises as the landlord and Up & Up Laundromat as the tenant. The deal was facilitated by Aaron Aziz and James Bullaro from Avenue Realty Advisors.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 185 Avenue C
  • Market: East Village

Aaron Aziz and James Bullaro, from Avenue Realty Advisors, played dual roles as brokers, representing both the tenant and the landlord in this transaction. The leasing specialists at Avenue Realty Advisors are known for their expertise in bringing together quality tenants and landlords, regardless of their size or experience.

If you are a property owner with vacant commercial space or a tenant looking for a new or additional commercial space, you can contact Avenue Realty Advisors through their website at www.aranyc.com or via their Instagram account @aranyc_.

Contact details:

Players

Aaron Aziz

ARA

Broker

47 deals

Broker
Gatsby Enterprises
Gatsby EnterprisesLandlord

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