SUR Group Leases Multifamily Space At 153 East 37th Street To Halli Kay For $205/ft
153 East 37th Street
$205
$205/SF
Building Size
1,000 SF
Asset Type
MultiFamily
Closing
Feb 24, 2026
AI
The asset involved in this transaction is a multifamily property located at 153 East 37th Street, 2nd Floor, in the New York market. The lease agreement features an asking rent of $205 per square foot for a space measuring 350 square feet. The lease term has been set for 2 years, and it operates under a single net lease structure.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $205/ft
- Square Footage: 350
- Address: 153 East 37th Street - 2nd Floor
- Market: New York
- Landlord: SUR Group
- Tenant: Halli Kay
- Landlord's Representative: Nilson Penafiel & Sachin Surujpaul - JRS Realty Management
- Lease Term: 2 Years
- Lease Type: Single Net Lease
The key individuals involved in this deal are the landlord SUR Group and tenant Halli Kay. They are represented by brokers Nilson Penafiel and Sachin Surujpaul from JRS Realty Management, who facilitated the transaction, ensuring both parties' interests were effectively managed throughout the lease agreement process.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
77380.49%
Cash-on-Cash
-22115.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93