Teyvat Goods Leases Retail Space At 159 Bowery From Barry Lipsitz For $125/ft
159 Bowery
$125
$125/SF
Building Size
1,750 SF
Asset Type
Retail
Closing
May 31, 2026
About this deal
AI
The property involved is a retail asset located at 159 Bowery in the Lower East Side. The asking rent for this asset is set at $125 per square foot, with a total area of 1,750 square feet. The lease term agreed upon is for 5 years under a modified gross lease structure.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $125/ft
- Lease Term: 5 Years
- Lease Type: Modified Gross Lease
- Address: 159 Bowery
- Market: Lower East Side
- Landlord: Barry Lipsitz
- Tenant: Teyvat Goods
- Landlord's Rep: Fredy Halabi, Michael Elkharrat & Joey Sakkal - Tri State Commercial Realty
- Tenant's Rep: Eddie Keda - Momentum Realty Group
This transaction highlights the involvement of key representatives in the deal, with Fredy Halabi, Michael Elkharrat, and Joey Sakkal representing the landlord, and Eddie Keda acting on behalf of the tenant. Their respective agencies played a significant role in facilitating this lease agreement.
On the Map
$125
$125/SF
Retail
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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
126904.00%
Cash-on-Cash
-36269.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93