Banter Signs 15-Year Lease At Retail Space On 201 East 31st Street In New York City
201 E 31st St Brooklyn, NY 11226, USA
$2,000
$2,000/SF
Building Size
2,000 SF
Asset Type
Retail
Closing
Jun 26, 2023
About this deal
AI
The property involved in this lease transaction is a retail space located at 201 East 31st Street in New York City. The asset spans approximately 2,000 square feet and has been leased to Banter for a term of 15 years. The asking rent for the space was $200 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not applicable (lease)
- Address: 201 East 31st Street, New York City
- Market: New York City
- Tenant: Banter
- Brokers: Marisa Simkin & John DiGangi - Retail By Mona
- Asking Rent: $200/ft
- Lease Term: 15 years
The lease deal was facilitated by Marisa Simkin and John DiGangi from the Retail By Mona agency, serving as Banter's representatives.
On the Map
$2,000
$2,000/SF
Retail
View full map
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Visit Marisa Simkin to view all their deals.
Browse New York retail leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7931.50%
Cash-on-Cash
-2266.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93