Sauced Wine Bar Leases Retail Space At 47 Second Avenue In East Village
47 2nd Avenue, New York City, New York 10003, United States
Building Size
3,500 SF
Asset Type
Retail
Closing
Aug 3, 2022
About this deal
AI
Greg Goldberg of Meridian Capital Leasing represented both the landlord, Dana Lowey, and the tenant, Sauced Wine Bar, in the leasing deal for a retail space located at 47 Second Avenue in East Village. The property offers 3,500 square feet of space.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: N/A
- Address: 47 Second Avenue, East Village
- Market: East Village
- Landlord: Dana Lowey
- Tenant: Sauced Wine Bar
- Broker: Greg Goldberg - Meridian Capital Leasing
This lease deal was brokered by Greg Goldberg of Meridian Capital Leasing, who represented both the landlord and the tenant. The asking rent for the 3,500 square foot retail space at 47 Second Avenue was $150 per square foot.
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Retail
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93