The Shoe Box Leases 3600 SF At 1277 3rd Ave New York Represented By Corey Horowitz And Greg Tannor
1277 3rd Ave, New York, NY, 10021
$186
$186/SF
Building Size
3,600 SF
Asset Type
Mixed-use
Closing
Nov 19, 2023
About this deal
AI
The lease involves a commercial space located at 1277 3rd Ave, New York, NY, 10021. It encompasses a total of 3,600 square feet with a rent of $186 per square foot within the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1277 3rd Ave, New York, NY, 10021
- Market: New York
- Square Feet: 3,600
- Rent/SF: $186
- Tenant: The Shoe Box
- Landlord: Peter Franco
- Tenant's Rep: Corey Horowitz (NYC), Gregory (Greg) Tannor (Lee & Associates)
- Landlord's Rep: Allan Glasser (Glasser Realty)
The transaction features key individuals, including tenant The Shoe Box, represented by Corey Horowitz and Gregory (Greg) Tannor. Landlord Peter Franco is represented by Allan Glasser in this lease agreement.
On the Map
$186
$186/SF
Mixed-use
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Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
85284.95%
Cash-on-Cash
-24374.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93