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6 Avenue B

GS Cheesesteak Leases Retail Space At 6 Avenue B In East Village, Manhattan
LEASEDRetail

GS Cheesesteak Leases Retail Space At 6 Avenue B In East Village, Manhattan

6 Avenue B

$140

$140/SF

Building Size

1,500 SF

Asset Type

Retail

Closing

Jan 2, 2024

AI

The retail property located at 6 Avenue B in the East Village, Manhattan was recently leased. The property, spanning 1,500 square feet, was leased by GS Cheesesteak. The lease was facilitated by Ben Biberaj and Gabrielle Weiss of Meridian Capital Group, who represented the landlord, Jeremy Tahari, Jake Croman, and Adam Croman of RockSolid Ventures.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: N/A
  • Address: 6 Avenue B
  • Market: East Village, Manhattan

Jack Cohen represented GS Cheesesteak in this retail lease transaction.

Players

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

192 deals

Broker
Jeremey Tahari

Jeremey Tahari

RockSolid Ventures

Landlord

$59.5M

vol

16 deals

Landlord

New York City 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

113307.14%

Cash-on-Cash

-32383.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93