Premier Equities Leases Retail Space To Contor Studios At 62 East 13th Street For $120/ft
62 East 13th Street
$120
$120/SF
Building Size
3,500 SF
Asset Type
Retail
Closing
Apr 30, 2026
About this deal
AI
The property asset involved in this lease transaction is a retail space located at 62 East 13th Street in Manhattan. The property features a lease type of Single Net Lease with an asking rent of $120 per square foot for a total area of 3,500 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $420,000
- Landlord: Premier Equities
- Tenant: Contor Studios
- Landlord's Representative: Ely Akiva & Avi Akiva - Momentum Realty Group
- Tenant's Representative: Kayla Terzi & Danny Volk - Vantage Real Estate Advisors
The individuals driving this deal include Ely Akiva and Avi Akiva, who represent the landlord from Momentum Realty Group, along with Kayla Terzi and Danny Volk from Vantage Real Estate Advisors, representing the tenant. Their involvement highlights the collaborative effort required to secure this lease agreement.
On the Map
$120
$120/SF
Retail
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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
132191.67%
Cash-on-Cash
-37780.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93