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967 Columbus Avenue

Crystal Velez Leases Retail Space At 967 Columbus Avenue In Manhattan Valley For $109 Per Ft
LEASEDRetail

Crystal Velez Leases Retail Space At 967 Columbus Avenue In Manhattan Valley For $109 Per Ft

967 Columbus Avenue

$109

$109/SF

Building Size

550 SF

Asset Type

Retail

Closing

Mar 5, 2025

AI

The property involved in this transaction is a retail asset located at 967 Columbus Avenue in the Manhattan Valley market. The asking rent for this asset is $109 per square foot, encompassing a total area of 550 square feet. The lease type agreed upon is a Modified Gross Lease.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $109/ft
  • Square Footage: 550
  • Address: 967 Columbus Avenue
  • Market: Manhattan Valley
  • Landlord: Steve Oved
  • Tenant: Crystal Velez
  • Brokers: Noam Aziz & Eli Marcus - Meridian Capital Group

This transaction involves key individuals from Meridian Capital Group, with brokers Noam Aziz and Eli Marcus representing the parties in this lease agreement. Their involvement was critical to facilitating the lease deal between landlord Steve Oved and tenant Crystal Velez.

Players

Noam Aziz

Meridian Capital Group

Broker

$900K

vol

239 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

145532.11%

Cash-on-Cash

-41593.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93