Heng Heng Group Leases Retail Space At 28 7th Avenue South In West Village
28 7th Avenue South
$190
$190/SF
Building Size
2,215 SF
Asset Type
Retail
Closing
Jul 31, 2025
AI
This retail lease transaction is located at 28 7th Avenue South in the West Village market. The leased space spans 2,215 square feet and has an asking rent of $190 per square foot. The lease is classified as a Single Net Lease, involving EB Property Management as the landlord and Heng Heng Group as the tenant.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $190/ft
- Square Footage: 2,215
- Landlord: EB Property Management
- Tenant: Heng Heng Group
- Landlord's Representative: Matthew Schuss, Jesse Wolff & Don Cafero - JLL
- Tenant's Representatives: Tyler Zar, Adam Lavian & Tanner Zar - Titan Group New York
- Lease Type: Single Net Lease
Titan Group New York represented the tenant in this transaction while JLL acted on behalf of the landlord. Titan Group New York specializes in commercial and residential leasing services.
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
83489.47%
Cash-on-Cash
-23861.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93