Alex Hakim Leases Retail Space To Flamingos Vintage Pound At 199 1st Avenue For $162/ft
199 1st Avenue
$162
$162/SF
Building Size
1,500 SF
Asset Type
Retail
Closing
Jun 22, 2026
AI
The retail asset located at 199 1st Avenue in the East Village market has a lease with Flamingos Vintage Pound. The asking rent for the property is $162 per square foot, and it encompasses a total area of 1,500 square feet. The lease term is set for 10 years, categorized as a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $162/ft
- Lease Term: 10 years
- Lease Type: Modified Gross Lease
- Landlord: Alex Hakim
- Tenant: Flamingos Vintage Pound
- Brokers: Greg Goldberg - IPRG Retail Leasing
In this transaction, Greg Goldberg from IPRG Retail Leasing represents the landlord, Alex Hakim, in the leasing of the retail space to the tenant, Flamingos Vintage Pound.
Players
Market 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
97919.75%
Cash-on-Cash
-27985.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93