Offside Tavern Leases Retail Space At 94 Avenue A In East Village
94 Avenue a, New York City, New York 10009, United States
Building Size
4,000 SF
Asset Type
Retail
Closing
Apr 30, 2022
About this deal
AI
The retail property located at 94 Avenue A in the East Village has been leased. The deal was finalized on May 1, 2022. The property, spanning 4,000 square feet, was leased by Offside Tavern. The landlord, Penn South Capital, was represented by Jordan Raphan and Samuel Chera from KSR. The asking rent for the space was $125 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 05/01/2022
- Address: 94 Avenue A
- Market: East Village
Offside Tavern, a tenant, will occupy the leased retail space. Their representative, Adam Lavian from Titan Group New York, facilitated the deal on their behalf. Serving as the landlord's representatives were Jordan Raphan and Samuel Chera from KSR. Titan Group New York, a real estate brokerage specializing in NYC leasing, focuses on fostering successful partnerships between landlords and tenants.
Please direct any inquiries or requests for more information about Titan Group New York to Adam Lavian at [email protected] or call (516) 662-6176. You can also find more about Titan Group New York on Instagram: @titangroupny.
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