Tzvi Wertenteil Leases Retail Space To Jungle Bowls In East Village At 206 East 6th Street
206 East 6th Street
$114
$114/SF
Building Size
500 SF
Asset Type
Retail
Closing
Jul 13, 2025
About this deal
AI
The retail asset located at 206 East 6th Street in the East Village, Manhattan, encompasses a space of 500 square feet, positioned in a vibrant market. The lease, categorized as a Modified Gross Lease, has an asking rent of $114 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $114/ft
- Square Footage: 500
- Address: 206 East 6th Street
- Market: East Village, Manhattan
- Landlord: Tzvi Wertenteil
- Tenant: Jungle Bowls
- Landlord's Representative: James Famularo & Cole Kleppinger - Meridian Capital Group
- Tenant's Representative: Ariel Ilian - Meridian Capital Group
The individuals facilitating the transaction include landlord's representatives James Famularo and Cole Kleppinger, both affiliated with Meridian Capital Group, alongside tenant's representative Ariel Ilian, also from Meridian Capital Group. Their involvement underscores the expertise contributing to this leasing deal.
On the Map
$114
$114/SF
Retail
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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
139149.12%
Cash-on-Cash
-39769.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93