Smoke Shop Leases Retail Space In East Village From Landlord Abe Sanieoff At 213 First Avenue
213 1st Avenue
$180
$180/SF
Building Size
800 SF
Asset Type
Retail
Closing
Oct 24, 2022
About this deal
AI
The retail space located at 213 First Avenue in the East Village has been leased. The tenant, Smoke Shop, will occupy the space, which spans 800 square feet. The lease was finalized on 10/24/2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 213 First Avenue
- Market: East Village
- Tenant: Smoke Shop
- Landlord: Abe Sanieoff
- Broker: Greg Goldberg - Meridian Retail Leasing
- Asking Rent: $180/ft.
Greg Goldberg of Meridian Retail Leasing represented both the tenant, Smoke Shop, and the landlord, Abe Sanieoff, in the lease deal. The smoke shop will be joining the vibrant retail scene in the East Village, contributing to the area's diverse offerings.
On the Map
$180
$180/SF
Retail
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Players
Ottawa 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
88127.78%
Cash-on-Cash
-25187.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93