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59 1st Avenue

Updated Sep 10, 2026

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Rensei Leases Retail Space At 59 1st Avenue In East Village Through Titan Group New York
LEASEDRetail

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:

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

Tyler Zar

Titan Group New York

Broker

57 deals

Broker

John Girdy

Titan Group New York

Landlord

1 deal

Landlord

Rensei

Tenant

1 deal

Tenant

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Deal FAQ

About $128 per square foot on a published $128 for 1,050 square feet (2026).

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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

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