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
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