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194 First Ave, Manhattan, N...

Café Sandra Leases Retail Space At 194 First Ave In East Village
LEASEDRetail

Café Sandra Leases Retail Space At 194 First Ave In East Village

194 First Ave, Manhattan, New York, NY, USA

Building Size

800 SF

Asset Type

Retail

Closing

Apr 28, 2021

AI

An 800 square foot retail space located at 194 First Ave in East Village has been leased. The deal was finalized on April 29, 2021. Café Sandra will be the new tenant, with Bobby Christman of Corbett & Dullea Real Estate representing them. The landlord, Lionel Nazarian, was represented by Greg Goldberg and James Famularo of Meridian Capital Group. The asking rent for the space was $142 per square foot.

Summary of transaction details

The team at Corbett & Dullea Real Estate, led by Bobby Christman, worked on behalf of Café Sandra to secure the lease for the retail space at 194 First Ave. On the other side, Greg Goldberg and James Famularo from Meridian Capital Group represented the landlord, Lionel Nazarian, in the transaction.

Players

Greg Goldberg

Meridian Capital Group

Broker

$4.3M

vol

72 deals

Broker

Lionel Nazarian

Nazarian Property Group

Landlord

$33.3M

vol

6 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