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720 Liberty Avenue

Tattoo Plug Leases Retail Space At 720 Liberty Avenue In New York City
LEASEDRetail

Tattoo Plug Leases Retail Space At 720 Liberty Avenue In New York City

720 Liberty Avenue

$29

$29/SF

Building Size

1,042 SF

Asset Type

Retail

Closing

Mar 15, 2023

AI

The retail property at 720 Liberty Avenue in New York City has been leased. The tenant, Tattoo Plug, will be occupying the space. The deal was facilitated by brokers Joseph DiPiazza, David Quigua, Willow Goatface, and John Le Vine from EXR. The property has a total square footage of 1,042. The asking rent for the space is $29 per square foot.

Summary of Transaction Details:

  • Property Type: Retail
  • Transaction Amount: Lease
  • Address: 720 Liberty Avenue
  • Market: New York City
  • Tenant: Tattoo Plug
  • Brokers: Joseph DiPiazza, David Quigua, Willow Goatface, and John Le Vine - EXR
  • Asking Rent: $29/ft
  • Square Footage: 1,042

This lease transaction was facilitated by Joseph DiPiazza, David Quigua, Willow Goatface, and John Le Vine from EXR. They represented both the landlord, Sal Mendolia, and the tenant, Tattoo Plug, in this deal.

Players

Joseph DiPiazza

EXR

Broker

$50.6M

vol

36 deals

Broker

Sal Mendolia

Landlord

2 deals

Landlord

Market 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

547000.00%

Cash-on-Cash

-156334.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93