New York Bone & Joint Leases Retail Space At 1198 3rd Avenue In New York City
1198 3rd Avenue
$170
$170/SF
Building Size
2,951 SF
Asset Type
—
Closing
Mar 24, 2020
About this deal
AI
An retail property located at 1198 3rd Avenue in New York City has been leased. The transaction took place on 03/24/2023. The property measures approximately 2,951 square feet and falls under the asset type of Retail. The leasing was facilitated by the involvement of various parties, including the tenant and representatives for both the landlord and the tenant.
Summary of transation details
- Property Type: Retail
- Transaction Date: 03/24/2023
- Address: 1198 3rd Avenue, New York City
- Market: New York City
- Asset Type: Retail
The tenant for this leased property is New York Bone & Joint. The landlord's representatives for the deal were Marisa Simkin from Retail By Mona and Matthew Ball from Cushman & Wakefield. On the other hand, Eli Yadid and Joshua Berkun from Kassin Sabbagh Realty acted as the tenant's representatives during the leasing process. The asking rent for the property was $170 per square foot, with a total square footage of 2,951.
On the Map
$170
$170/SF
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
93311.76%
Cash-on-Cash
-26668.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93