Derby Copeland Leases Retail Space At 60 Avenue A To B & H Barber In East Village
60 Avenue A
$170
$170/SF
Building Size
500 SF
Asset Type
Retail
Closing
Oct 15, 2025
AI
The property involved in this transaction is a retail asset located at 60 Avenue A in the East Village market of Manhattan. The lease was established with an asking rent of $170 per square foot, covering a total area of 500 square feet. The lease type is classified as a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $170/ft
- Square Footage: 500
- Landlord: Derby Copeland
- Tenant: B & H Barber
- Lease Type: Modified Gross Lease
- Landlord's Representative: Morris Tobias - Monday Morning MGMT
- Tenant's Representative: Benjamin Namdar - KSR
Morris Tobias from Monday Morning MGMT represents the landlord, specializing in commercial real estate across Manhattan and Brooklyn, where they assist landlords and tenants in structuring beneficial deals. Benjamin Namdar from KSR represents the tenant in this transaction.
Players
New York 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
93311.76%
Cash-on-Cash
-26668.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93