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76 Avenue B, New York City,...

Gratin LLC Leases Retail Space On 76 Avenue B In East Village
LEASEDRetail

Gratin LLC Leases Retail Space On 76 Avenue B In East Village

76 Avenue B, New York City, New York 10009, United States

Building Size

1,300 SF

Asset Type

Retail

Closing

Jun 29, 2022

AI

The asset involved in this transaction is a retail property located at 76 Avenue B in the East Village. The property, measuring 1,300 square feet, was leased by Gratin LLC from the landlord, Sassouni Management. The deal was facilitated by Lauren Farnoosh and Aaron Brandes from REAL New York. The asking rent for the lease was $76 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Lease
  • Date: 06/30/2022
  • Address: 76 Avenue B
  • Market: East Village
  • Asset Type: Retail
  • Landlord: Sassouni Management
  • Tenant: Gratin LLC
  • Brokers: Lauren Farnoosh & Aaron Brandes - REAL New York
  • Asking Rent: $76 per square foot
  • Square Footage: 1,300

The lease transaction for the retail property at 76 Avenue B in the East Village involved Gratin LLC as the tenant and Sassouni Management as the landlord. The deal was brokered by Lauren Farnoosh and Aaron Brandes from REAL New York.

Players

Lauren Farnoosh

Real New York

Broker

6 deals

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93