New York Bone & Joint Signs Lease At 1198 3rd Avenue In NYC With Tenant Reps Eli Yadid & Joshua Berkun
1198 3rd Avenue
$150
$150/SF
Building Size
2,951 SF
Asset Type
MultiFamily
Closing
Mar 24, 2023
AI
The retail property located at 1198 3rd Avenue in New York City has been leased. The tenant, New York Bone & Joint, has entered into a lease agreement for the space. The property has a total square footage of 2,951 square feet. The asking rent for the lease was $170 per square foot.
Summary of transaction details:
- Property Type: Retail
- Tenant: New York Bone & Joint
- Address: 1198 3rd Avenue
- Market: New York City
- Asking Rent: $170/ft
- Square Footage: 2,951
Marisa Simkin from Retail By Mona and Matthew Ball from Cushman & Wakefield represented the landlord in this lease transaction. On the other hand, Eli Yadid and Joshua Berkun from Kassin Sabbagh Realty represented New York Bone & Joint as their brokers.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
105753.33%
Cash-on-Cash
-30224.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93