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21 East 7th Street

Updated Sep 21, 2026

Parke Leaherman Of Lockhill Properties Leases Retail Space To Ed Szymanski Of Chippy's For $150/ft
LEASEDRetail

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:

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.

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$150

$150/SF

Retail

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Players

Noam Aziz

Meridian Capital Group

Broker

$4.3M

vol

285 deals

Broker
LP
Lockhill PropertiesLandlord
Bilt advertisement

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Deal FAQ

About $150 per square foot on a published $150 for 2,000 square feet (2026).

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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

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