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152 E 33rd St New York, NY ...

Updated Oct 29, 2024

Arvaci Coffee Leases Retail Space At 152 East 33rd Street In Murray Hill
LEASEDRetail

Arvaci Coffee Leases Retail Space At 152 East 33rd Street In Murray Hill

152 E 33rd St New York, NY 10016, USA

$156

$156/SF

Building Size

500 SF

Asset Type

Retail

Closing

Jul 1, 2023

About this deal

AI

Located in Murray Hill, the retail property at 152 East 33rd Street has recently been leased. The deal was facilitated by Tyler Zar, Tanner Zar, and Adam Lavian of Titan Group New York, who represented both the landlord, Ernie Knott, and the tenant, Arvaci Coffee. The property spans approximately 500 square feet, with an asking rent of $156 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Lease
  • Address: 152 East 33rd Street
  • Market: Murray Hill
  • Landlord: Ernie Knott
  • Tenant: Arvaci Coffee
  • Brokers: Tyler Zar, Tanner Zar, and Adam Lavian - Titan Group New York
  • Asking Rent: $156 per square foot

Titan Group New York played a crucial role in the successful lease transaction. Founded with a specialization in commercial and residential leasing, the firm leverages its expertise to guide owners in finding suitable tenants for their vacant units. With an extensive network and a deep understanding of the real estate market, the brokers at Titan Group New York, including Tyler Zar, are well-equipped to assist clients in their leasing needs.

Players

Adam Lavian

Titan Group New York

Broker

59 deals

Broker

Market Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Deal FAQ

About $156 per square foot on a published $156 for 500 square feet (2023).

Visit Tyler Zar to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

101685.90%

Cash-on-Cash

-29062.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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