Rage Space NYC Leases Retail Space At 153 Essex Street On Lower East Side
153 Essex Street
$102
$102/SF
Building Size
1,300 SF
Asset Type
Retail
Closing
Dec 14, 2023
AI
The retail property located at 153 Essex Street in the Lower East Side has recently been leased. The tenant, Rage Space NYC, has signed a lease agreement for a term of 10 years. The asking rent for the space was $102 per square foot, with a total square footage of 1,300. The lease transaction was facilitated by Kierstin Kolle from Streetwise NYC LLC.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not applicable (lease)
- Address: 153 Essex Street
- Market: Lower East Side
Kierstin Kolle, from Streetwise NYC LLC, represented the tenant, Rage Space NYC, in this lease deal.
Players
New York 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
155519.61%
Cash-on-Cash
-44447.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93