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243 Bowery

Harlan Bari Leases Multifamily Space At 243 Bowery To SuperRare Labs For $103/ft
LEASEDMultiFamily

Harlan Bari Leases Multifamily Space At 243 Bowery To SuperRare Labs For $103/ft

243 Bowery

$103

$103/SF

Building Size

1,860 SF

Asset Type

MultiFamily

Closing

Nov 7, 2024

AI

The property involved in this transaction is a multifamily asset located at 243 Bowery in the Lower East Side market. The asking rent is priced at $103 per square foot, with a total square footage of 1,860. The lease type for this transaction is a single net lease.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $103/ft
  • Square Footage: 1,860
  • Address: 243 Bowery
  • Market: Lower East Side
  • Landlord: Harlan Bari
  • Tenant: SuperRare Labs
  • Broker: Jared Minc - Building Equity Management

The key individuals involved in this transaction include landlord Harlan Bari and tenant SuperRare Labs. The deal was facilitated by broker Jared Minc from Building Equity Management, who represents the landlord in this lease agreement.

Players

Jared Minc

Building Equity Management

Broker

$148.9M

vol

20 deals

Broker

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

154009.71%

Cash-on-Cash

-44016.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93