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41 Avenue B

Retail Lease Completed At 41 Avenue B In East Village, Manhattan
LEASEDRetail

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

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

362 deals

Broker

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