LEASEDMixed-use
Langos Bar Leases Mixed-Use Space In Lower East Side At 137 Rivington Street
137 Rivington Street, Manhattan, New York, NY, USA
Building Size
600 SF
Asset Type
Mixed-use
Closing
Nov 17, 2020
AI
137 Rivington Street, located in the Lower East Side market, was involved in a recent lease transaction. The mixed-use property, with an address on Rivington Street, was leased by Langos Bar.
Summary of transaction details:
- Property Type: Mixed-use
- Asking Rent: $90/ft.
- Square Footage: 600 SF
- Tenant: Langos Bar
- Broker: Elliot Beyda
Elliot Beyda, representing Langos Bar in the deal, played a crucial role in finalizing the lease agreement.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93