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153 East 37th Street

Updated Mar 10, 2026

SUR Group Leases Multifamily Space At 153 East 37th Street To Halli Kay For $205/ft
LEASEDMultiFamily

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

About this deal

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.

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$205

$205/SF

MultiFamily

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Players

Sachin Surujpaul

JRS Realty Management

Broker

$28.1M

vol

16 deals

Broker
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New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Lease transactions

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Deal FAQ

About $205 per square foot on a published $205 for 1,000 square feet (2026).

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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

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