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
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