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201 E 31st St Brooklyn, NY ...

Banter Signs 15-Year Lease At Retail Space On 201 East 31st Street In New York City
LEASEDRetail

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

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.

Players

Marisa Simkin

Retail By Mona

Broker

15 deals

Broker

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

7931.50%

Cash-on-Cash

-2266.85%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93