WhiteBox Leases Retail Space At 9 Avenue B In East Village With Landlord Steven Croman And Broker Ben Biberaj Of Meridian Retail Leasing
9 Avenue B, New York City, New York 10009, United States
Building Size
1,000 SF
Asset Type
Retail
Closing
Jan 14, 2022
About this deal
AI
A retail space located at 9 Avenue B in the East Village neighborhood of New York City has been leased. The property, owned by Steven Croman, has been rented to WhiteBox. The lease transaction was facilitated by Ben Biberaj from Meridian Retail Leasing. This retail space spans approximately 1,000 square feet and was leased for an asking rent of $120 per square foot.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Lease
- Date: 01/15/2022
- Address: 9 Avenue B
- Market: East Village
Ben Biberaj, from Meridian Retail Leasing, represented the landlord, Steven Croman, in this lease deal with WhiteBox.
Players
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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