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226 West 4th Street

Ever Wellness Center Leases Retail Space In West Village From Pistilli Realty Group For $70/ft
LEASEDRetail

Ever Wellness Center Leases Retail Space In West Village From Pistilli Realty Group For $70/ft

226 West 4th Street

$70

$70/SF

Building Size

2,000 SF

Asset Type

Retail

Closing

Feb 6, 2023

AI

The retail space located at 226 West 4th Street in the West Village has been leased. The tenant, Ever Wellness Center, has entered into an agreement with the landlord, Pistilli Realty Group, represented by Joseph and Michael Pistilli. The leasing transaction was facilitated by brokers Solomon Tbeile, Carolina Aziz, and Ike Bibi, from KSR. The leased space spans approximately 2,000 square feet, with an asking rent of $70 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Tenant: Ever Wellness Center
  • Landlord: Pistilli Realty Group - Joseph & Michael Pistilli
  • Brokers: Solomon Tbeile, Carolina Aziz, & Ike Bibi - KSR
  • Address: 226 West 4th Street
  • Market: West Village
  • Asking Rent: $70/ft
  • Size: 2,000 square feet

The leasing deal for this West Village retail space was successfully concluded, with Ever Wellness Center securing the premises. The tenant was represented by brokers Solomon Tbeile, Carolina Aziz, and Ike Bibi of KSR. The lease transaction was facilitated by Pistilli Realty Group, with Joseph and Michael Pistilli overseeing the process as the landlords. This arrangement allows Ever Wellness Center to establish their presence in the bustling West Village market.

Players

Ike Bibi

Kassin Sabbagh Realty

Broker

$274.3M

vol

125 deals

Broker

Joseph Pistilli

Pistilli Realty Group

Landlord

$61.9M

vol

4 deals

Landlord
PG
Pistilli Realty GroupLandlord

Market 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

226614.29%

Cash-on-Cash

-64767.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93