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7 Maiden Lane

Updated Oct 28, 2024

Poshi Convenience Leases Retail Space At 7 Maiden Lane In FiDi New York With Ben Biberaj & Elliot Wygoda – Meridian Retail Leasing
LEASEDRetail

Poshi Convenience Leases Retail Space At 7 Maiden Lane In FiDi New York With Ben Biberaj & Elliot Wygoda – Meridian Retail Leasing

7 Maiden Lane

$80

$80/SF

Building Size

1,200 SF

Asset Type

Retail

Closing

Sep 23, 2022

About this deal

AI

Poshi Convenience has leased a retail space located at 7 Maiden Lane in the Financial District of New York. The property, spanning 1,200 square feet, was secured by Poshi Convenience at an asking rent of $80 per square foot. The deal was facilitated by Meridian Retail Leasing brokers Ben Biberaj and Elliot Wygoda.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: N/A
  • Address: 7 Maiden Lane
  • Market: FiDi New York
  • Tenant: Poshi Convenience
  • Brokers: Ben Biberaj & Elliot Wygoda - Meridian Retail Leasing
  • Asking Rent: $80/ft.
  • SF: 1,200

Ben Biberaj and Elliot Wygoda, representing Meridian Retail Leasing, played a key role in negotiating the lease agreement between Poshi Convenience and the property owner. The transaction signifies the demand for retail spaces in the Financial District, with Poshi Convenience securing a strategic location.

Players

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

204 deals

Broker

London Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Deal FAQ

About $80 per square foot on a published $80 for 1,200 square feet (2022).

Visit Elliot Wygoda to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

198287.50%

Cash-on-Cash

-56671.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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