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1198 3rd Avenue

New York Bone & Joint Leases Retail Space At 1198 3rd Avenue In New York City
LEASED

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

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.

Players

Joshua Berkun

Kassin Sabbagh Realty

Broker

$3.3M

vol

12 deals

Broker
NJ
New York Bone & JointTenant

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

93311.76%

Cash-on-Cash

-26668.79%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93