Neuhauser Family Leases Retail Space At 70 East 1st Street To Ramen By Ra For 10 Years
70 East 1st Street
$270
$270/SF
Building Size
200 SF
Asset Type
Retail
Closing
Jun 4, 2025
About this deal
AI
The asset involved in this transaction is a retail property located at 70 East 1st Street in the East Village, Manhattan. The asking rent for this asset is $270 per square foot, covering a total area of 200 square feet. The lease agreement is structured for a term of 10 years, categorized as a retail lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $270/ft
- Lease Term: 10 years
- Asset Address: 70 East 1st Street
- Market: East Village, Manhattan
- Landlord: Neuhauser family
- Tenant: Ramen by Ra
- Brokers: Adam Lavian, Tanner Zar & Tyler Zar - Titan Group New York
Titan Group New York represented both the landlord, the Neuhauser family, and the tenant, Ramen by Ra, in this transaction. The brokerage specializes in commercial and residential leasing services. For leasing inquiries, owners are encouraged to reach out for guidance.
On the Map
$270
$270/SF
Retail
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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
58751.85%
Cash-on-Cash
-16791.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93