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587 Third Avenue

Rush Gourmet Market Leases 2,000 SF Retail Space At 587 Third Avenue In New York
LEASEDRetail

Rush Gourmet Market Leases 2,000 SF Retail Space At 587 Third Avenue In New York

587 Third Avenue

$84

$84/SF

Building Size

2,000 SF

Asset Type

Retail

Closing

Mar 17, 2023

AI

The retail property located at 587 Third Avenue in New York has been leased. The asset spans 2,000 square feet and was leased by Rush Gourmet Market. The landlords of the property are Elias Kougemitros and Scott Shnay. The deal was facilitated by brokers George Skaliarinis and Ike Bibi from KSR. The lease was signed on March 17, 2023.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not available
  • Address: 587 Third Avenue, New York
  • Tenant: Rush Gourmet Market
  • Landlords: Elias Kougemitros & Scott Shnay
  • Brokers: George Skaliarinis & Ike Bibi - KSR
  • Asking Rent: $84/ft
  • Square Footage: 2,000

Rush Gourmet Market has secured a lease for the retail property at 587 Third Avenue. Elias Kougemitros and Scott Shnay are the landlords of the property. The lease was facilitated by George Skaliarinis and Ike Bibi from KSR.

Players

Ike Bibi

Kassin Sabbagh Realty

Broker

$274.3M

vol

125 deals

Broker

Elias Kougemitros

Landlord

4 deals

Landlord

West Haven 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