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199 Chrystie St, Commercial UnitNew York, NY 10002
199 Chrystie Street
Asset ClassRetail
Cap Rate7.1%
Deal Size: $2.8 MRentable SF: 3,274Year Built: 2020Access Data Room
Long-Term Lease to The Athletic Clubs
overview of deal

Overview

PROPERTY HIGHLIGHTS

•Ideal 1031 exchange property

•Ground floor commercial unit with 19-20’ ceilings

•Brand-new 2020 construction luxury condominium building

•Desirable location along Chrystie Street, across the street from Sara D. Roosevelt Park

•Just 2 block to the Bowery J/Z subway station and the 2nd Avenue F subway station

 

TENANT/LEASE INFORMATION

•The Athletic Clubs-A group of private athletic clubs that emphasizes community and social interaction

•Founded in 2021

•Currently has 5 locations in Manhattan, 1 in Brooklyn, and 1 in Hoboken, NJ, with over 1,000 members

•Ten Year Lease with One 5-year Option

•3% Annual Increases

•Corporate and Personal Guaranty

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199 Chrystie St, Commercial UnitNew York, NY 10002

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Listing provided by Revere CRE