Sohail Zayona Leases Retail Space At 51 West 8th Street To Huaibing Zhang For $120/ft
51 West 8th Street
$120
$120/SF
Building Size
1,800 SF
Asset Type
Retail
Closing
Mar 26, 2026
AI
The property involved in this transaction is a retail asset located at 51 West 8th Street in the Greenwich Village area of Manhattan. The lease type is a Single Net Lease, with an asking rent of $120 per square foot for a total size of 1,800 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $216,000
- Landlord: Sohail Zayona
- Tenant: Huaibing Zhang
- Landlord's Representative: James Famularo & Bobby Ortense - Meridian Capital Group
- Tenant's Representative: Sunanne Zhu - Alignment RE
- Date of Transaction: 3/27/2026
This lease agreement involves key individuals such as landlord Sohail Zayona and tenant Huaibing Zhang, who have secured this property through their respective representatives. James Famularo and Bobby Ortense from Meridian Capital Group represent the landlord, while tenant representation is provided by Sunanne Zhu from Alignment RE.
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
132191.67%
Cash-on-Cash
-37780.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93