Temperance Wine Bar Leases Retail Space At 38 Carmine St, New York
38 Carmine St, New York, NY, 10014
Building Size
3,000 SF
Asset Type
Retail
Closing
Aug 28, 2020
AI
The retail property located at 38 Carmine St, New York, NY, 10014, spanning 3000 square feet, was leased on 08/28/2020. The tenant, Temperance Wine Bar, secured this space in the New York market. The leasing deal involved Steve Rappaport from Sinvin Realty representing the tenant, while the landlord was S&H Realty.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not Applicable
- Tenant: Temperance Wine Bar
- Tenant's Representative: Steve Rappaport (Sinvin Realty)
- Landlord: S&H Realty
- Market: New York
- Address: 38 Carmine St, New York, NY, 10014
- Square Feet: 3000
The leasing transaction at 38 Carmine St involved significant players such as Steve Rappaport from Sinvin Realty serving as the tenant's representative and the landlord being S&H Realty. Temperance Wine Bar found a new retail space in the bustling New York market, solidifying their presence in the area.
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