Wayne Derson Leases Retail Space To Bagel Luxe Cafe At 65 8th Avenue For $300/ft
65 8th Avenue
$300
$300/SF
Building Size
750 SF
Asset Type
Retail
Closing
Jan 7, 2026
AI
The property asset involved in this transaction is a retail space located at 65 8th Avenue in the West Village market. The asking rent for the space is $300 per square foot, encompassing a total area of 750 square feet. The lease has been categorized as a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $300/ft
- Size: 750 SF
- Address: 65 8th Avenue
- Market: West Village
- Landlord: Wayne Derson
- Tenant: Bagel Luxe Cafe
- Landlord's Rep: Tim O'Reilly - Meraki Realty
- Tenant's Rep: Aaron Aziz - ARA
The key individuals involved in this lease transaction include the landlord Wayne Derson, who holds the property, and the tenant Bagel Luxe Cafe, which will occupy the retail space. Tim O'Reilly from Meraki Realty represents the landlord in this deal, while Aaron Aziz from ARA represents the tenant.
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
52876.67%
Cash-on-Cash
-15112.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93