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528 East 11th Street

Nelson Valentine Leases Retail Space To GNIHTON Hanzawa Clothing Market At 528 East 11th Street
LEASEDRetail

Nelson Valentine Leases Retail Space To GNIHTON Hanzawa Clothing Market At 528 East 11th Street

528 East 11th Street

$96

$96/SF

Building Size

1,000 SF

Asset Type

Retail

Closing

Feb 14, 2026

AI

This retail lease transaction involves a space located at 528 East 11th Street in the East Village. The asking rent for the property is set at $100 per square foot, covering a total area of 1,000 square feet. The lease type negotiated for this transaction is a Modified Gross lease.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $100/ft
  • Square Footage: 1,000 SF
  • Address: 528 East 11th Street
  • Market: East Village
  • Landlord: Nelson Valentine
  • Tenant: GNIHTON (A) / Hanzawa Clothing Market (B)
  • Brokers: Ben Biberaj - IPRG Retail Leasing, Brandon Efap & Joseph Sobolov - Investment Property Realty Group

The key individuals in this transaction include Ben Biberaj, who represents the landlord with IPRG Retail Leasing. Additionally, Brandon Efap and Joseph Sobolov represent Investment Property Realty Group in this leasing deal. The representation of these parties played a significant role in finalizing the lease terms for the retail space.

Players

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

194 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

165239.58%

Cash-on-Cash

-47225.98%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93