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
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].
Players
Market 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
119270.68%
Cash-on-Cash
-34087.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93