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.
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