Doggy Pawffice Leases Retail Space At 20 St Marks Place, East Village With Brokers Aaron Aziz, Joseph Gohari & Noam Hakimian - Avenue Realty Advisors
20 Saint Marks Place
$150
$150/SF
Building Size
2,000 SF
Asset Type
Retail
Closing
Aug 29, 2023
About this deal
AI
A retail property located at 20 St Marks Place in the East Village has been leased. The property, spanning 2,000 square feet, was leased by Doggy Pawffice. The transaction was facilitated by Aaron Aziz, Joseph Gohari, and Noam Hakimian of Avenue Realty Advisors, who represented both the tenant and the landlord, Klosed Properties. The asking rent for the space was $150 per square foot.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: Not applicable (lease)
- Address: 20 St Marks Place
- Market: East Village
- Tenant: Doggy Pawffice
- Landlord: Klosed Properties
- Brokers: Aaron Aziz, Joseph Gohari, Noam Hakimian - Avenue Realty Advisors
- Asking Rent: $150/ft
- Square Footage: 2,000
The deal was successfully negotiated by Aaron Aziz, Joseph Gohari, and Noam Hakimian from Avenue Realty Advisors. The tenant, Doggy Pawffice, will be operating their business at 20 St Marks Place in the East Village. Klosed Properties, the landlord, agreed to the lease terms, with an asking rent of $150 per square foot for the 2,000-square-foot space.
Players
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Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
105753.33%
Cash-on-Cash
-30224.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93