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137 Rivington Street, Manha...

Langos Bar Leases Mixed-Use Space In Lower East Side At 137 Rivington Street
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

Elliot Beyda

Broker

5 deals

Broker

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