Updated Dec 4, 2024
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
About this deal
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.
On the Map
$170
$170/SF
MultiFamily
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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
93311.76%
Cash-on-Cash
-26668.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93