Rensei Leases Retail Space At 59 1st Avenue In East Village Through Titan Group New York
59 1st Avenue
$128
$128/SF
Building Size
1,050 SF
Asset Type
Retail
Closing
Jul 1, 2026
About this deal
AI
This retail lease transaction involved an asset located at 59 1st Avenue in the East Village market. The property encompasses a lease type classified as Retail with an asking rent of $128 per square foot for a total area of 1,050 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $128/ft
- Address: 59 1st Avenue
- Market: East Village
- Landlord: John Girdy
- Tenant: Rensei
- Landlord's Representative: Tyler Zar & John Blalock - Titan Group New York
- Lease Type: Retail Lease
The transaction was facilitated by Tyler Zar and John Blalock from Titan Group New York, who represented the landlord John Girdy. Notably, within 60 days of marketing the space, they secured a lease with an established operator, signaling a positive development for the property in the East Village.
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
123929.69%
Cash-on-Cash
-35419.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93