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51 West 8th Street

Sohail Zayona Leases Retail Space At 51 West 8th Street To Huaibing Zhang For $120/ft
LEASEDRetail

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

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

367 deals

Broker

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