Win Son Leases Retail Space At 23 2nd Avenue, East Village, Manhattan
23 2nd Avenue
$109
$109/SF
Building Size
3,013 SF
Asset Type
Retail
Closing
Oct 31, 2023
AI
The retail property located at 23 2nd Avenue in East Village, Manhattan has been leased. The property covers an area of 3,013 square feet and was leased by Win Son.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not provided
- Address: 23 2nd Avenue, East Village, Manhattan
- Market: East Village, Manhattan
Stephanie Wong, the landlord, represented Hing Sing Traded Inc in this lease deal. James Famularo from Meridian Capital Group served as the landlord's representative. On the other hand, Max Lu from M Properties Group of Manhattan LLC acted as the tenant's representative on behalf of Win Son.
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
145532.11%
Cash-on-Cash
-41593.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93