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
About this deal
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
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