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52 East 7th Street

Bruce Horowitz Leases Retail Space To Wayhover Salon At 52 East 7th Street
LEASEDRetail

Bruce Horowitz Leases Retail Space To Wayhover Salon At 52 East 7th Street

52 East 7th Street

$51

$51/SF

Building Size

1,400 SF

Asset Type

Retail

Closing

Jan 30, 2025

AI

The property asset is a retail space located at 52 East 7th Street in the East Village market. The lease is for a total area of 1,400 square feet with an asking rent of $51 per square foot. The lease type is a Modified Gross Lease.

Summary of transation details:

This transaction involved several key individuals including Bruce Horowitz as the landlord and Wayhover Salon as the tenant. The brokering team from Meridian Capital Group facilitated the lease, comprising John Roesch, Daniel Sharga, Ben Biberaj, and Nick Hanna.

Players

John Roesch

Meridian Capital Group

Broker

97 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

311039.22%

Cash-on-Cash

-88895.96%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93