Meridian Capital Group Represents Sweet Cakes In Lease Deal At 215 First Avenue, East Village, Manhattan
215 1st Avenue
$221
$221/SF
Building Size
1,100 SF
Asset Type
Retail
Closing
Nov 16, 2023
AI
Located in the heart of East Village, Manhattan, a retail space at 215 First Avenue has recently been leased to Sweet Cakes. The lease transaction was facilitated by the brokers Greg Goldberg and Noam Aziz from Meridian Capital Group. The property, measuring approximately 1,100 square feet, was leased by Sweet Cakes at an asking rent of $221 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Date: 11/16/2023
- Address: 215 First Avenue
- Market: East Village, Manhattan
The landlord for this retail space is Abe Sanieoff. The Tenant, Sweet Cakes, has successfully secured the lease for this property. The deal was negotiated by the brokers Greg Goldberg and Noam Aziz from the Meridian Capital Group.
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
71778.28%
Cash-on-Cash
-20514.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93