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50 Avenue B, Manhattan, New...

Updated Oct 28, 2024

Joey Bats Cafe Leases Retail Space At 50 Avenue B In Alphabet City With Tenant's Rep Albert Halawani & John Jin @Kassin_Sabbagh_Realty And Landlord's Rep Matthew Fogel, David Green & Ike Bibi @Kassin_Sabbagh_Realty. Asking Rent: $132/ft. ~ SF: 3,085
LEASEDRetail

Joey Bats Cafe Leases Retail Space At 50 Avenue B In Alphabet City With Tenant's Rep Albert Halawani & John Jin @Kassin_Sabbagh_Realty And Landlord's Rep Matthew Fogel, David Green & Ike Bibi @Kassin_Sabbagh_Realty. Asking Rent: $132/ft. ~ SF: 3,085

50 Avenue B, Manhattan, New York, NY, USA

Building Size

3,085 SF

Asset Type

Retail

Closing

Jul 7, 2020

About this deal

AI

A retail property located at 50 Avenue B in Alphabet City has been leased. The property measures approximately 3,085 square feet and was leased to Joey Bats Cafe, a Portuguese café. The lease was finalized on 07/07/2021.

Summary of transaction details

Albert Halawani and John Jin from Kassin Sabbagh Realty represented the tenant, Joey Bats Cafe, in the transaction. On the other hand, Matthew Fogel, David Green, and Ike Bibi, also from Kassin Sabbagh Realty, represented the landlord, Arik Lifshitz.

On the Map

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Players

Albert Halawani

Kassin Sabbagh Realty

Broker

$445M

vol

49 deals

Broker
Arik Lifshitz

Arik Lifshitz

DSA Property Group

Landlord

$74.4M

vol

6 deals

Landlord
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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

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