PlantShedNYC Leases Retail Space In East Village At 193 Second Avenue
193 2nd Avenue, New York City, New York 10003, United States
Building Size
2,378 SF
Asset Type
Retail
Closing
Nov 1, 2021
About this deal
AI
The retail property located at 193 Second Avenue in the East Village has been leased. The transaction took place on November 1, 2021. The asset spans a total area of 2,378 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 11/01/2021
- Address: 193 Second Avenue
- Market: East Village
The tenant who secured the lease is PlantShedNYC. The deal was facilitated by Brian Agus and Greg Parassio from Booth Capital, as well as Brent Glodowski from Avison Young. The property was listed with an asking rent of $81 per square foot.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93