Dimitris Vattes Leases Retail Space To Coral Essex At 201 8th Avenue In Chelsea For $60/ft
201 8th Avenue
$60
$60/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Nov 25, 2025
About this deal
AI
The asset involved in this transaction is a retail space located at 201 8th Avenue in Chelsea, featuring a total area of 1,000 square feet. The landlord, Dimitris Vattes, and the tenant, Coral Essex, have agreed on an asking rent of $60 per square foot under a modified gross lease structure.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $60/ft
- Square Footage: 1,000
- Landlord: Dimitris Vattes
- Tenant: Coral Essex
- Brokers: Ben Biberaj - IPRG Retail Leasing, Joseph Sobolov - Investment Property Realty Group
- Date of Transaction: 11/26/2025
The brokers representing the landlord and tenant in this lease transaction are Ben Biberaj from IPRG Retail Leasing and Joseph Sobolov from Investment Property Realty Group. Their roles have been crucial in concluding this agreement between Dimitris Vattes and Coral Essex.
On the Map
$60
$60/SF
Retail
View full map
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Visit Ben Biberaj to view all their deals.
Browse New York retail leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
264383.33%
Cash-on-Cash
-75561.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93