Smile Direct Club Leases 1800 SF At 1031 3rd Ave New York From 201 East 61
1031 3rd Ave, New York, NY, 10065
$318
$318/SF
Building Size
1,800 SF
Asset Type
—
Closing
Nov 19, 2023
AI
The property involved in the transaction is located at 1031 3rd Ave, New York, NY, 10065. It is situated in the New York market and spans 1,800 square feet, with a rent per square foot of $318.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1031 3rd Ave, New York, NY, 10065
- Market: New York
- Tenant: Smile Direct Club
- Landlord: 201 East 61
- Tenant's Representative: Gere Ricker-MB Real Estate
- Landlord's Representatives: Corey Shuster-Douglas Elliman, Faith Hope Consolo-Douglas Elliman
The transaction features key representatives including Gere Ricker from MB Real Estate representing the tenant, Smile Direct Club, and Corey Shuster along with Faith Hope Consolo from Douglas Elliman representing the landlord, 201 East 61.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
49883.65%
Cash-on-Cash
-14256.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93