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31 33 2nd Avenue

Clown Car Leases Retail Space At 31-33 2nd Avenue In East Village For $60/ft
LEASEDRetail

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

Elliot Wygoda

Meridian Capital Group

Broker

$5.3M

vol

63 deals

Broker

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