NYC-SRP / INSTITUTIONAL ACCESS / CLEARANCE: MEMBER LEVEL 01
The lease is current. The business is failing. You won't see it on a credit check.
NYC Streetscape Risk Protocol. Institutional intelligence for the capital stack underwriting ground-floor retail. We identify default risk before it impairs NOI, collateral value, or stabilization timelines.
One signal per week. ~13,600 institutional readers. Free.
Already underwriting at scale?
SEC-01 // WHO THIS IS FOR
01 / LANDLORDS & ASSET MANAGERS
Protecting NOI on a 10-year lease signed against a tenant whose revenue is already compressing. A single default costs $600K+ in TI, commissions, abatement, and 9–14 months of vacancy.
02 / LENDERS & CREDITORS
Holding mortgage collateral on retail-anchored assets where ground-floor tenant health drives DSCR. The Protocol surfaces revenue signals before they trigger covenant breach.
03 / DEVELOPERS
Carrying ground-floor lease-up risk on a capital stack with a refinance clock. The Protocol diagnoses operator durability before you accept the LOI.
SEC-02 // THE PROBLEM
QUIET VACANCY.
A space where the tenant is current on rent but revenue has already collapsed. The lease is paid. The business is failing. It reads as occupied in every standard dataset.
Brokers don't track revenue. Public datasets don't capture transaction behavior. Conventional underwriting stops at the credit check — before the quiet collapse that precedes every default we've flagged.
$600,000+
Estimated landlord exposure per ground-floor default. Lender exposure: covenant breach, DSCR impairment. Developer exposure: stabilization delay, refinance risk.
A single prevented default pays for the Protocol for 85 years.
SEC-03 // WHAT THE PROTOCOL TRACKS
SIGNAL 01 / R2R
Rent-to-Revenue Benchmarking
Identifying concepts where occupancy costs have crossed the 18% Default Red Zone.
SIGNAL 02 / TUESDAY TEST
Off-Peak Utility
Quantifying revenue resilience during the 10 AM–4 PM hybrid-work window.
SIGNAL 03 / ALGORITHM TA
Platform Dependency
Measuring third-party platform reliance and its impact on net lease-serviceability.
SIGNAL 04 / QUIET VACANCY
Quiet Vacancy Detection
Flagging tenants showing >15% revenue compression while current on rent.
SEC-04 // THE FREE INTELLIGENCE LADDER
EVERY TUESDAY · 7:15 EST
Streetscape Bulletin
One signal. One implication. One portfolio consequence. ~600 words.
MONTHLY
Intelligence Briefing
10-page diagnostic. Market status, corridor risk, watch list, 6-month horizon.
QUARTERLY
Corridor Fragility Index
One-page synthesis. Corridor status, signal averages, forward posture.
SEC-05 // LATEST FROM THE TUESDAY BULLETIN
ISSUE 005 · 2026.01.28
The Outdoor Dining Permit Collapse
12,500 permits in 2021. ~500 active today. The corridors that built revenue around outdoor seating just lost a structural revenue line.
ISSUE 004 · 2026.01.21
Only 5% of NYC Diners Come Back. You Underwrote the Other 95%.
Discovery vs. loyalty revenue is the underwriting variable nobody tracks. The implication for corridor stability is structural.
ISSUE 003 · 2026.01.14
91% of NYC Food Vendors at Critical Risk or Stressed
Street Eats Foundation x New York Eats Here vendor survey, N=250, 2026. The vacancy pipeline is already in the data.
SEC-06 // CREDIBILITY ANCHOR
40+
VENUES TRACKED MONTHLY
$4.2M
OPERATOR PORTFOLIO
~13.6K
READERS / WEEK
6 / 6
Q1 FLAGS CONFIRMED
420+
HISTORICAL DATASET
SEC-07 // FOR MEMBERS
The free ladder shows you the market. Membership gets you inside your own portfolio.
1-on-1 Portfolio Stress Tests
Private session auditing your specific rent roll using the RRR model. NOI / DSCR / stabilization scenarios at 10/20/30% revenue compression.
Custom Corridor Diagnostics
Targeted analysis of corridors where you hold concentration. Status, signal averages, 6-month horizon. Member-confidential.
Advisory Access
Direct line for underwriting questions. Pre-LOI diagnostic on operator durability before you sign, fund, or accept a pre-leasing commitment.
METHODOLOGY & DATA PROVENANCE
The NYC Streetscape Risk Protocol is an underwriting framework grounded in 20 years of direct operator and neighborhood observation across Manhattan and Brooklyn. Intelligence is derived from a proprietary dataset of 420+ active venues. The framework calculates the Rent Risk Ratio (RRR) — a weighted metric combining R2R performance, third-party platform dependency, and localized neighborhood utility. Built for Directors of Asset Management, VP-level Retail Leasing, CRE credit officers, and ground-up developers underwriting ground-floor risk to mitigate exposure and stabilize portfolio NOI.
NYC-SRP // CLEARANCE: MEMBER LEVEL 01 // © 2026 WE EAT HERE
