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
- Property Type: Retail
- Transaction Date: 04/29/2021
- Address: 194 First Ave
- Market: East Village
- Tenant: Café Sandra
- Tenant's Representative: Bobby Christman - Corbett & Dullea Real Estate
- Landlord: Lionel Nazarian
- Landlord's Representatives: Greg Goldberg & James Famularo - Meridian Capital Group
- Asking Rent: $142/ft
- Square Footage: 800
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
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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