facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Lease

/

1198 3rd Avenue

New York Bone & Joint Specialists Signs 10-year Lease At 1198 3rd Avenue In New York City
LEASEDMultiFamily

New York Bone & Joint Specialists Signs 10-year Lease At 1198 3rd Avenue In New York City

1198 3rd Avenue

$170

$170/SF

Building Size

2,951 SF

Asset Type

MultiFamily

Closing

Mar 23, 2023

AI

The property at 1198 3rd Avenue in New York City has been leased. The asset is a retail space with a size of 2,951 square feet. The lease term for the property is 10 years.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not available
  • Address: 1198 3rd Avenue, New York City
  • Market: New York City

The tenant of the leased property is New York Bone & Joint Specialists. The landlord's representatives involved in the deal are Brandon Singer, Marisa Simkin (Msimkin), and Matthew Ball from Retail By Mona. On the other hand, Joshua Berkun and Eli Yadid from Kassin Sabbagh Realty represent the tenant in the transaction.

Players

Marisa Simkin

Retail By Mona

Broker

15 deals

Broker

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Lease transactions

Loading comparables…

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