Clown Car Leases Retail Space At 31-33 2nd Avenue In East Village For $60/ft
31 33 2nd Avenue
$60
$60/SF
Building Size
6,500 SF
Asset Type
Retail
Closing
Dec 31, 2025
AI
The property involved in this transaction is a retail asset located at 31-33 2nd Avenue, situated in the East Village market of Manhattan. The asking rent for the property is set at $60 per square foot, with a total square footage of 6,500. The lease type is classified as a Single Net Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $60/ft
- Address: 31-33 2nd Avenue
- Market: East Village, Manhattan
- Square Footage: 6,500
- Lease Type: Single Net Lease
- Tenant: Clown Car
- Landlord's Representative: Elliot Wygoda - Meridian Capital Group
- Tenant's Representative: Justin Losh - Counter
Elliot Wygoda from Meridian Capital Group represents the landlord in this transaction, while Justin Losh from Counter serves as the representative for the tenant, Clown Car. This deal showcases the collaboration between the involved representatives in securing the lease agreement.
Players
Brooklyn 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
264383.33%
Cash-on-Cash
-75561.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93