Retail Lease Completed At 41 Avenue B In East Village, Manhattan
41 Avenue B
$120
$120/SF
Building Size
890 SF
Asset Type
Retail
Closing
Oct 3, 2023
AI
Located at 41 Avenue B in the East Village of Manhattan, this retail property has recently been leased. The property, spanning approximately 890 square feet, was secured by Yokox Omakase. The lease transaction was facilitated by the landlord's representatives, James Famularo and Bobby Ortense of Meridian Capital Group, and the tenant's representatives, Kim Levandovsky and Lauren Farnoosh of Retail By Mona.
Summary of Transaction Details
- Property Type: Retail
- Asking Rent: $120 per square foot
- Square Footage: 890
- Address: 41 Avenue B, East Village, Manhattan
- Market: East Village, Manhattan
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
132191.67%
Cash-on-Cash
-37780.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93