Plato Gallery Leases Retail Space At 202 Bowery, Manhattan
202 Bowery
$114
$114/SF
Building Size
2,000 SF
Asset Type
Retail
Closing
Mar 1, 2024
AI
The property, located at 202 Bowery in Manhattan, has been leased to Plato Gallery. The retail space spans approximately 2,000 square feet with an asking rent of $114 per square foot. The lease was facilitated by brokers Eric Wong and Seth Kessler of Real New York. The landlord for this transaction is Sara Wong.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Lease Agreement
- Address: 202 Bowery
- Market: Manhattan
- Tenant: Plato Gallery
- Brokers: Eric Wong & Seth Kessler - Real New York
- Landlord: Sara Wong
- Asking Rent: $114/ft
- Square Footage: 2,000
The deal at 202 Bowery was successfully closed by Real New York, boasting an expanding portfolio of exclusive commercial spaces in Nolita. The broker representing Real New York, actively seeking experienced commercial brokers, is Seth Kessler. Interested individuals looking to be a part of Real New York's growth can reach out by sending their resumes to [email protected].
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
139149.12%
Cash-on-Cash
-39769.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93