Derby Copeland Leases Retail Space To Granru Market At 66 Avenue A In East Village
66 Avenue A
$170
$170/SF
Building Size
1,105 SF
Asset Type
Retail
Closing
Nov 7, 2025
About this deal
AI
The property asset involved in this transaction is a retail space located at 66 Avenue A in the East Village, Manhattan. The asset has a square footage of 1,105 and is leased under a Modified Gross Lease. The asking rent for this property is $170 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $170/ft
- Square Footage: 1,105
- Address: 66 Avenue A
- Market: East Village, Manhattan
- Landlord: Derby Copeland
- Tenant: Granru Market
- Landlord's Representative: Morris Tobias - Monday Morning MGMT
- Tenant's Representative: Michael Bijou - Delshah Capital
- Lease Type: Modified Gross Lease
Key individuals involved in this deal include Morris Tobias, representing the landlord Derby Copeland through Monday Morning MGMT, and Michael Bijou, representing the tenant Granru Market through Delshah Capital. Monday Morning MGMT specializes in commercial real estate across Manhattan and Brooklyn, focusing on structuring deals that create long-term value for landlords and tenants alike.
On the Map
$170
$170/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
93311.76%
Cash-on-Cash
-26668.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93