Meridian Capital Represents Jhakaas In Retail Lease At 202 Avenue A
202 Avenue a
$150
$150/SF
Building Size
3,000 SF
Asset Type
Retail
Closing
Jun 15, 2024
AI
The retail property located at 202 Avenue A in East Village, Manhattan, was leased for an asking rent of $150 per square foot totaling 3,000 square feet. The landlord, Highpoint Property Group, secured Jhakaas - an Indian restaurant, as the tenant for this retail lease transaction.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 202 Avenue A
- Market: East Village, Manhattan
- Landlord: Highpoint Property Group
- Tenant: Jhakaas - Indian Restaurant
- Landlord's Rep: Michael Segerman - Current Real Estate Advisors
- Tenant's Rep: Noam Aziz & Samuel Mukamal - Meridian Capital Group
- Asking Rent: $150 per square foot
- Lease Type: Retail Lease
The deal was facilitated by Michael Segerman from Current Real Estate Advisors representing the landlord, Highpoint Property Group. On the other side, Noam Aziz and Samuel Mukamal from Meridian Capital Group served as the tenant's representatives, ensuring a successful lease agreement for the Indian restaurant, Jhakaas.
Players
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
105753.33%
Cash-on-Cash
-30224.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93