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Re: [newtech-1] an idea for meetup space

From: Jonathan V.
Sent on: Monday, March 2, 2009 9:13 PM
On Mar 2, 2009, at 6:42 PM, Miles Rose wrote:

> signing a prime lease usually requires both a deposit and a guarantor,
> also the number of square feet you rent isnt the number of square feet
> you get. Also need electric. Also furniture. And clean up. If you are
> going to persue this I would look for a sublet from an existing tenant
> and have them throw in chairs and pay them a little more. that might
> eliminate the guarantee.

On Mar 2, 2009, at 8:37 PM, Konstantin wrote:

> I assume if the price of admission goes up, less people will show up
> and so I think $100k is a too optimistic.
> What happens if only 300 people show up, instead of 600?  Rent is
> still due at the end of the month.

Which is why I said you could rent out to other meetups and people who  
want to cowork to cover the expenses.


On Mar 2, 2009, at 7:11 PM, Nicole wrote:

> I have a great real estate broker.  He's a nice guy and showed us  
> several great spaces.  Subleases and shared situations.  We ended up  
> going with a "shared space" center on Madison and 41st.  Email me  
> off line and I can give you the details.  The client pays the fee  
> not the tenant.  There are a  lot of good deals out there.

The tenant ALWAYS pays when you rent through an agent.  The difference  
is that the landlord charges 15% more a month for the space and pays  
the broker.

I always go straight through landlords and management companies.  NYC  
real estate brokers are fucking worthless leeches.


// Jonathan Vanasco

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