GPS Realty NYC Leases Retail Space To Barber House NYC At 523 East 12th Street
523 East 12th Street
$90
$90/SF
Building Size
750 SF
Asset Type
Retail
Closing
Sep 22, 2026
About this deal
AI
The asset involved in this transaction is a retail space located at 523 East 12th Street in the East Village area of Manhattan. The property encompasses 750 square feet and has an asking rent of $90 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $67,500
- Landlord: GPS Realty NYC
- Tenant: Barber House NYC
- Landlord's Representative: Noam Aziz & Michael Escava - Meridian Capital Group
- Tenant's Representative: Elliot Wygoda - Meridian Capital Group
Meridian Capital Group played a significant role in this lease transaction, representing both the landlord and the tenant. Noam Aziz and Michael Escava represented GPS Realty NYC, while Elliot Wygoda represented Barber House NYC, facilitating the agreement between the two parties.
On the Map
$90
$90/SF
Retail
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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
176255.56%
Cash-on-Cash
-50374.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93