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67 Avenue C

Terence Wu Leases Retail Space At 67 Avenue C To Real Dads Network For $49/ft
LEASEDRetail

Terence Wu Leases Retail Space At 67 Avenue C To Real Dads Network For $49/ft

67 Avenue C

$49

$49/SF

Building Size

1,850 SF

Asset Type

Retail

Closing

Aug 14, 2024

AI

The property involved in this transaction is a retail space located at 67 Avenue C in the East Village. It features a total square footage of 1,850 and operates under a Modified Gross Lease agreement. The asking rent for this location is set at $49 per square foot.

Summary of transation details:

The individuals involved in this deal include the landlord Terence Wu and the tenant Real Dads Network, who will occupy the retail space. The transaction was facilitated by brokers Isaac Abed and Chandler Slate from Tri State Commercial Realty, representing the interests of both parties in the leasing agreement.

Players

Chandler Slate

Tri State Commercial Realty

Broker

$10.7M

vol

33 deals

Broker

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

323734.69%

Cash-on-Cash

-92524.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93