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
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