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215 1st Avenue

Meridian Capital Group Represents Sweet Cakes In Lease Deal At 215 First Avenue, East Village, Manhattan
LEASEDRetail

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

Greg Goldberg

Meridian Capital Group

Broker

$4.3M

vol

71 deals

Broker

Abe Sanieoff

Landlord

6 deals

Landlord

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