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207 Bowery

Champagne Problems NYC Leases Retail Space At 207 Bowery In Lower East Side
LEASEDRetail

Champagne Problems NYC Leases Retail Space At 207 Bowery In Lower East Side

207 Bowery

$80

$80/SF

Building Size

5,000 SF

Asset Type

Retail

Closing

Nov 1, 2023

AI

A ground lease for the retail space at 207 Bowery in Lower East Side has been finalized. The property, spanning 5,000 square feet, was leased by Champagne Problems NYC. The lease was negotiated by brokers Tyler Zar, Adam Lavian, and Tanner Zar from Titan Group New York, Matthew Jacoby from Vector New York, and Winston Gitonga from F+B Group. The asking rent for the space was set at $80 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Address: 207 Bowery, Lower East Side
  • Tenant: Champagne Problems NYC
  • Brokers: Tyler Zar, Adam Lavian, and Tanner Zar - Titan Group New York; Matthew Jacoby - Vector New York; Winston Gitonga - F+B Group
  • Asking Rent: $80 per square foot
  • Lease Type: Ground Lease

Champagne Problems NYC, renowned for its commitment to excellence in hospitality, innovative menu offerings, and sophisticated ambiance, is set to transform the dining scene in Nolita with its captivating dining experience. The establishment's lease of the ground-floor retail space at 207 Bowery will further enhance the vibrant culinary landscape of the local area.

Players

Adam Lavian

Titan Group New York

Broker

58 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

198287.50%

Cash-on-Cash

-56671.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93