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331 East 9th Street

Dana Lowey Leases Retail Space To Bellanova At 331 East 9th Street In East Village
LEASEDRetail

Dana Lowey Leases Retail Space To Bellanova At 331 East 9th Street In East Village

331 East 9th Street

$175

$175/SF

Building Size

550 SF

Asset Type

Retail

Closing

Jun 9, 2025

AI

The property involved in this transaction is a retail asset located at 331 East 9th Street in the East Village market of Manhattan. The lease type is a Modified Gross Lease with an asking rent of $175 per square foot for a space measuring 550 square feet.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $175/ft
  • Address: 331 East 9th Street
  • Market: East Village, Manhattan
  • Landlord: Dana Lowey
  • Tenant: Bellanova
  • Landlord's Representative: Greg Goldberg & Jake Herskowitz - Meridian Capital Group
  • Tenant's Representative: Ben Biberaj & Elliot Wygoda - Meridian Capital Group
  • Lease Type: Modified Gross Lease
  • Square Footage: 550

This transaction involved key representations from Meridian Capital Group, with Greg Goldberg and Jake Herskowitz representing the landlord, Dana Lowey, while Ben Biberaj and Elliot Wygoda represented the tenant, Bellanova. Their roles were critical in facilitating the lease agreement between the two parties.

Players

Greg Goldberg

Meridian Capital Group

Broker

$4.3M

vol

72 deals

Broker
Meridian Capital Group
Meridian Capital GroupBrokerage

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

90645.71%

Cash-on-Cash

-25906.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93