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:
- Property Type: Retail
- Transaction Amount: $71,400
- Landlord: Bruce Horowitz
- Tenant: Wayhover Salon
- Brokers: John Roesch & Daniel Sharga, Ben Biberaj & Nick Hanna - Meridian Capital Group
- Lease Date: 01/30/2025
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
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