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65 8th Avenue

Wayne Derson Leases Retail Space To Bagel Luxe Cafe At 65 8th Avenue For $300/ft
LEASEDRetail

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

Aaron Aziz

ARA

Broker

47 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

52876.67%

Cash-on-Cash

-15112.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93