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
Market Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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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