Neuhauser Family Leases Retail Space To Hair Magic NYC At 86 East 3rd Street
86 East 3rd Street
$84
$84/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Jun 14, 2025
About this deal
AI
The property asset involved in this transaction is a retail lease located at 86 East 3rd Street in the East Village market of Manhattan. The asking rent for the lease is $84 per square foot for a total space of 1,000 square feet. The landlord of the property is the Neuhauser Family, and the tenant is Hair Magic NYC.
Summary of transaction details:
- Property Type: Retail Lease
- Transaction Amount: $84/ft
- Square Footage: 1,000 SF
- Address: 86 East 3rd Street
- Market: East Village, Manhattan
- Landlord: Neuhauser Family
- Tenant: Hair Magic NYC
- Brokers: Tyler Zar, Adam Lavian & Tanner Zar - Titan Group New York
- Lease Type: Retail Lease
Titan Group New York represented both the landlord and the tenant in this transaction. The brokerage firm specializes in commercial and residential leasing, offering guidance to owners needing to lease their vacant units.
On the Map
$84
$84/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
188845.24%
Cash-on-Cash
-53972.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93