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202 6th Avenue

Joshua Sarraf & Aaron Aziz Lease Retail Space In Soho Manhattan For Market On Prince
LEASEDRetail

Joshua Sarraf & Aaron Aziz Lease Retail Space In Soho Manhattan For Market On Prince

202 6th Avenue

$170

$170/SF

Building Size

2,500 SF

Asset Type

Retail

Closing

Feb 28, 2024

AI

The retail property located at 202 6th Avenue in Soho, Manhattan was leased for an asking rent of $170 per square foot, totaling 2,500 square feet. The landlord, Gatsby Enterprises, entered into a lease agreement with the tenant, Market On Prince. The lease was facilitated by brokers Joshua Sarraf and Aaron Aziz of Avenue Realty Advisors, who represented both the owner and the tenant in this retail lease transaction.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 202 6th Avenue
  • Market: Soho, Manhattan
  • Landlord: Gatsby Enterprises
  • Tenant: Market On Prince
  • Brokers: Joshua Sarraf & Aaron Aziz - Avenue Realty Advisors
  • Asking Rent: $170 per square foot
  • Square Footage: 2,500
  • Lease Type: Retail Lease

In this particular lease deal, Avenue Realty Advisors dually represented both the owner, Gatsby Enterprises, and the tenant, Market On Prince. Market On Prince is part of Avenue Realty Advisors' diverse tenant list, which includes a variety of unique tenants across different trades and styles. For owners seeking to lease their commercial spaces or tenants interested in opening new establishments, Avenue Realty Advisors offers specialized leasing services tailored to individual needs.

Players

Aaron Aziz

ARA

Broker

47 deals

Broker

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

93311.76%

Cash-on-Cash

-26668.79%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93