Fang Fang Wang Leases Retail Space At 120 Saint Mark's Place In East Village For $60/ft
120 Saint Marks Avenue
$60
$60/SF
Building Size
1,300 SF
Asset Type
Retail
Closing
Sep 24, 2026
About this deal
AI
The property asset involved in this transaction is a retail space located at 120 Saint Mark's Place in the East Village, New York. It has a total square footage of 1,300 and is leased at an asking rent of $60 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $78,000
- Address: 120 Saint Mark's Place
- Market: East Village, New York
- Landlord: Magnum Real Estate Group
- Tenant: Fang Fang Wang
- Landlord's Representative: Noam Aziz, Carson Shahrabani & Michael Escava - Meridian Capital Group
- Lease Type: Retail Lease
This transaction involves key individuals such as the landlord, Magnum Real Estate Group, and the tenant, Fang Fang Wang. The deal is represented by Noam Aziz, Carson Shahrabani, and Michael Escava from Meridian Capital Group, who are acting on behalf of the landlord.
On the Map
$60
$60/SF
Retail
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Players
Brooklyn 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
264383.33%
Cash-on-Cash
-75561.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93