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
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