Titan Group New York Facilitates Retail Lease In East Village - 263 East 10th Street
263 East 10th Street, New York City, New York 10009, United States
Building Size
500 SF
Asset Type
Retail
Closing
May 31, 2022
AI
The property involved in this lease transaction is located at 263 East 10th Street in the East Village. It is a retail asset with a size of approximately 500 square feet.
Summary of transaction details:
- Property Type: Retail
- Address: 263 East 10th Street
- Market: East Village
- Landlord: Chan Neuhouser
- Tenant: From Lucie
- Brokers: Adam Lavian, Tyler Zar, and Tanner Zar - Titan Group New York
- Asking Rent: $170 per square foot
Titan Group New York served as both the landlord and tenant representation in this lease, acting as a bridge between both parties. They are a tech-focused firm that utilizes new real estate software for enhanced performance. For more information or assistance with leasing vacant commercial or residential spaces, or to find a suitable space as a tenant, please contact Titan Group directly:
Adam Lavian
Email: [email protected]
Phone: (516) 662-6176
Tanner Zar
Email: [email protected]
Phone: (516) 606-8998
Tyler Zar
Email: [email protected]
Phone: (516) 784-0478
Note from broker: Titan Group New York serves as a bridge between landlords and tenants, facilitating successful ventures and nurturing long-lasting relationships.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93