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
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