HUBBNYC Leases Mixed-Use Space At 167-171 Chrystie Street In New York City To Chin-Up & Wallabout
167-171 Chrystie Street
$130
$130/SF
Building Size
5,000 SF
Asset Type
Mixed-use
Closing
Dec 1, 2022
AI
The mixed-use property located at 167-171 Chrystie Street in New York City has recently been leased. The tenant of the space is Chin-Up & Wallabout, while the landlord is HUBBNYC. The lease transaction was facilitated by Mendel Jacobson and Seth Kessler from Real New York.
Summary of transaction details:
- Property Type: Mixed-Use
- Address: 167-171 Chrystie Street, New York City
- Market: New York City
- Tenant: Chin-Up & Wallabout
- Landlord: HUBBNYC
- Brokers: Mendel Jacobson & Seth Kessler - Real New York
- Asking Rent: $130 per square foot
- Square Footage: 5,000
The leased space at 167-171 Chrystie Street consists of two separate units, labeled as Space A and Space B. Chin-Up occupies a total area of 1,791 square feet, while Wallabout occupies 2,800 square feet. This transaction marks another success for Real New York, as they continue to expand their portfolio of exclusive commercial spaces. Real NY Commercial is actively recruiting experienced commercial brokers, and interested individuals can submit their resumes to [email protected].
Players
New York City 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
122023.08%
Cash-on-Cash
-34874.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93