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.
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