High Grade Smoke & Vape Leases Retail Space At 59 First Ave. In East Village
59 1st Avenue
$168
$168/SF
Building Size
500 SF
Asset Type
Retail
Closing
Sep 15, 2022
AI
High Grade Smoke & Vape, a retail tenant, has leased a 500 square foot space located at 59 First Ave. in the East Village neighborhood of New York. The lease transaction was facilitated by Chris Medeiros of Meridian Retail Leasing, representing the tenant, and Greg Goldberg, also from Meridian Retail Leasing, representing the landlord, Novum Properties Inc.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not provided
- Address: 59 First Ave.
- Market: East Village
Chris Medeiros of Meridian Retail Leasing served as the representative for High Grade Smoke & Vape, assisting them in securing the lease agreement. On the other side, Greg Goldberg of Meridian Retail Leasing represented the landlord, Novum Properties Inc. The asking rent for the 500 square foot space was $168 per square foot.
Players
London 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
94422.62%
Cash-on-Cash
-26986.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93