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Michael Fahey Leases Multifamily Space At 90 Water Street To Skullfade For $185/ft

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LEASED
$185
Tanner Zar
Adam Lavian
+ 1

New York

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MultiFamily550 SF
Leased 12/01/2024
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Property Image
LEASED

Michael Fahey Leases Multifamily Space At 90 Water Street To Skullfade For $185/ft

90 Water Street

See Similar Deals
MultiFamily550 SF
Leased 12/01/2024
Tanner Zar
Adam Lavian
+ 1
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$185
Total Square Footage:550 SF
Transaction Type:Lease

The property involved in this transaction is located at 90 Water Street in the Financial District. This multifamily asset has a leasing price of $185 per square foot, covering a total area of 550 square feet. The lease type for this transaction is classified as a retail lease, and it has been vacant since the pandemic.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $185/ft
  • Square Footage: 550
  • Address: 90 Water Street
  • Market: Financial District
  • Landlord: Michael Fahey
  • Tenant: Skullfade
  • Landlord's Representative: Tanner Zar, Tyler Zar & Adam Lavian - Titan Group New York
  • Tenant's Representative: Miles Sabbagh - KSR
  • Lease Type: Retail Lease

This transaction was facilitated by the landlord's representatives from Titan Group New York, who managed the leasing process after the space was vacant for an extended period. The lease was signed after two months of efforts, demonstrating the persistence of the team involved. Titan Group New York provides specialized services in both commercial and residential leasing.

Players

Adam Lavian
57 deals(516) 662-6176
BROKER

Tyler Zar
Titan Group New York
51 deals
BROKER

Tanner Zar
Titan Group New York
51 deals
BROKER

Miles Sabbagh
Kassin Sabbagh Realty
18 deals
BROKER

Details

LEASED
IMAGE: Tanner Zar, Tyler Zar & Adam Lavian DATE: 12/01/2024 ADDRESS: 90 Water Street MARKET: Financial District ASSET TYPE: Multifamily LANDLORD: Michael Fahey TENANT: Skullfade LANDLORD'S REP: Tanner Zar (@TannerZar), Tyler Zar (@TylerZar) & Adam Lavian (@AdamLavian) - Titan Group New York (@TitanGroupNY) TENANT'S REP: Miles Sabbagh (@Miles_Realty) - KSR (@Kassin_Sabbagh_Realty) ASKING RENT: $185/ft ~ SF: 550 LEASE TYPE: Retail Lease NOTE FROM LANDLORD'S REP: This space was vacant since the pandemic. After two months representing ownership in this space, a leased was finally signed. Titan Group New York specializes in commercial & residential leasing. If you are an owner that needs to lease your vacant units, please reach out and we will guide you in the right direction. For more info, contact Titan Group directly: Tyler Zar [email protected] (516) 784-0478 @TitanGroupNY

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Deal Type
Effective Rent (Annual)

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Total Lease Value

$1,166,449.72

Net Landlord Cash Flow$116,644.97