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422 East 9th Street

Steven Croman Leases Retail Space At 422 East 9th Street To Bittersweet In East Village
LEASEDRetail

Steven Croman Leases Retail Space At 422 East 9th Street To Bittersweet In East Village

422 East 9th Street

$99

$99/SF

Building Size

1,000 SF

Asset Type

Retail

Closing

Sep 3, 2025

AI

This retail property is located at 422 East 9th Street in the East Village, Manhattan. The lease agreement involves a modified gross lease for a space totaling 1,000 square feet with an asking rent of $99 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $99/ft
  • Lease Type: Modified Gross Lease
  • Landlord: Steven Croman
  • Tenant: Bittersweet
  • Landlord's Representative: Nick Hanna & Elliot Wygoda - Meridian Capital Group
  • Tenant's Representative: Kevin Bisconti - Meridian Capital Group

The deal was facilitated by representatives from Meridian Capital Group. Nick Hanna and Elliot Wygoda represented the landlord, while Kevin Bisconti represented the tenant in this leasing transaction.

Players

Kevin Bisconti

Meridian Capital Group

Broker

48 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

160232.32%

Cash-on-Cash

-45794.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93