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196 Bowery

Updated Oct 29, 2024

Grim Land Tattoo Parlor Leases 1,800 SF Mixed-Use Space At 196 Bowery In New York City
LEASEDMixed-use

Grim Land Tattoo Parlor Leases 1,800 SF Mixed-Use Space At 196 Bowery In New York City

196 Bowery

$133

$133/SF

Building Size

1,800 SF

Asset Type

Mixed-use

Closing

Feb 1, 2023

About this deal

AI

Grim Land Supply Tattoo Parlor has leased approximately 1,800 square feet of space at 196 Bowery, located between Spring Street and Rivington Street in New York City. The mixed-use property, owned by Sara Wong, will be the new location for Grim Land Tattoo Parlor, situated next to the iconic NYC Supreme shop. The deal was facilitated by Lauren Farnoosh, Eric Wong, and Seth Kessler from REAL New York.

Summary of transaction details:

  • Property Type: Mixed-Use
  • Transaction Amount: Not disclosed
  • Asking Rent: $133/ft
  • Square Footage: Approximately 1,800 sq ft
  • Address: 196 Bowery, New York City
  • Market: New York City

Lauren Farnoosh, Eric Wong, and Seth Kessler from REAL New York Commercial worked as the brokers for this lease deal at 196 Bowery. The successful transaction shows the continued demand for prime retail space in the bustling neighborhood. Interested in expanding their team, REAL New York Commercial is actively seeking experienced commercial brokers. For potential applicants, they can email their resumes to [email protected].

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$133

$133/SF

Mixed-use

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Players

Eric Wong

Real New York

Broker

7 deals

Broker
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Market Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Lease transactions

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Deal FAQ

About $133 per square foot on a published $133 for 1,800 square feet (2023).

Visit Lauren Farnoosh to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

119270.68%

Cash-on-Cash

-34087.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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