facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Retail

/

Lease

/

59 1st Avenue

High Grade Smoke & Vape Leases Retail Space At 59 First Ave. In East Village
LEASEDRetail

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

Greg Goldberg

Meridian Capital Group

Broker

$4.3M

vol

72 deals

Broker

London Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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