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711 2nd Avenue

George Georgiades Of Eons Greek Leases Retail Space To Balkan Express In Murray Hill For $188/ft
LEASEDRetail

George Georgiades Of Eons Greek Leases Retail Space To Balkan Express In Murray Hill For $188/ft

711 2nd Avenue

$188

$188/SF

Building Size

500 SF

Asset Type

Retail

Closing

Jul 15, 2026

AI

The asset is a retail property located at 711 2nd Avenue in the Murray Hill market. It has a lease type classified as a Single Net Lease with an asking rent of $188 per square foot, covering a total area of 500 square feet. The transaction also involves a key money amounting to $67,000.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $188/ft
  • Square Footage: 500 SF
  • Address: 711 2nd Avenue
  • Market: Murray Hill
  • Landlord: George Georgiades - Eons Greek
  • Tenant: Balkan Express
  • Broker: Ashlyn Lorentz - Meridian Capital Group
  • Key Money: $67,000
  • Lease Type: Single Net Lease

The transaction involves key individuals including the landlord George Georgiades representing Eons Greek and the tenant Balkan Express. The arrangement was facilitated by broker Ashlyn Lorentz from Meridian Capital Group, who played a significant role in the negotiation and execution of this lease deal.

Players

Ashlyn Lorentz

Meridian Capital Group

Broker

1 deal

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

84377.66%

Cash-on-Cash

-24115.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93