La Diaspora Leases 5,000 SF Retail Space At 91-93 Baxter Street In New York City
91 Baxter St New York, NY 10013, USA
$84
$84/SF
Building Size
5,000 SF
Asset Type
Retail
Closing
Jul 1, 2023
About this deal
AI
La Diaspora, a retail tenant, is set to bring new life to the 5,000 square foot location at 91-93 Baxter Street in New York City. The property, leased by Zhi Pan, was previously occupied by Forlini's since 1943. The asking rent for the space is $84 per square foot.
Summary of Transaction Details:
- Property Type: Retail
- Address: 91-93 Baxter Street, New York City
- Tenant: La Diaspora
- Landlord: Zhi Pan
- Brokers: Tyler Zar, Adam Lavian, Tanner Zar - Titan Group New York
- Asking Rent: $84/ft
- Square Footage: 5,000
Titan Group New York, represented by brokers Tyler Zar, Adam Lavian, and Tanner Zar, facilitated the lease for La Diaspora. If you are a property owner looking to lease your vacant units, Titan Group can provide guidance and assistance in commercial and residential leasing.
Players
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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