Updated Oct 29, 2024
Neuhauser Family Leases 1,000 SF Multifamily Space To Wine & Tapas Bar At 86 East 3rd Street
86 E 3rd St New York, NY 10003, USA
$100
$100/SF
Building Size
1,000 SF
Asset Type
MultiFamily
Closing
May 8, 2023
About this deal
AI
The lease of the multifamily property located at 86 East 3rd Street in New York City has been finalized. The property is owned by the Neuhauser Family and the new tenant is a Wine & Tapas Bar. The lease deal was facilitated by brokers Tanner Zar, Adam Lavian, and Tyler Zar from Titan Group New York.
Summary of transaction details:
- Property Type: Multifamily
- Asking Rent: $100/ft
- Square Footage: 1,000
- Address: 86 East 3rd Street, New York City
- Market: New York City
- Landlord: Neuhauser Family
- Tenant: Wine & Tapas Bar
- Brokers: Tanner Zar, Adam Lavian, and Tyler Zar from Titan Group New York
If you are an owner in need of leasing your vacant units, you can contact Titan Group directly through Tyler Zar at [email protected] or (516) 784-0478.
Note: Titan Group New York specializes in commercial and residential leasing.
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
158630.00%
Cash-on-Cash
-45336.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93