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38 Carmine St, New York, NY...

Temperance Wine Bar Leases Retail Space At 38 Carmine St, New York
LEASEDRetail

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

Steve Rappaport

Sinvin Realty

Broker

5 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93