Parke Leaherman Of Lockhill Properties Leases Retail Space To Ed Szymanski Of Chippy's For $150/ft
21 East 7th Street
$150
$150/SF
Building Size
2,000 SF
Asset Type
Retail
Closing
Jun 22, 2026
About this deal
AI
The retail asset located at 21 East 7th Street in the East Village features an asking rent of $150 per square foot, encompassing a total area of 2,000 square feet. The transaction is categorized as a retail lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $150/ft
- Square Footage: 2,000
- Address: 21 East 7th Street
- Market: East Village
- Landlord: Parke Leaherman - Lockhill Properties
- Tenant: Ed Szymanski - Chippy's
- Brokers: Noam Aziz, Carson Shahrabani & Justin Bustamante - Meridian Capital Group
- Lease Type: Retail Lease
The deal involved Parke Leaherman representing Lockhill Properties as the landlord and Ed Szymanski as the tenant from Chippy's. The brokerage services were provided by Noam Aziz, Carson Shahrabani, and Justin Bustamante from Meridian Capital Group, actively facilitating the lease agreement.
On the Map
$150
$150/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
105753.33%
Cash-on-Cash
-30224.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93