201 Convenient Corporation Leases 1,800 SF Retail Space At 1031 3rd Avenue In New York City
1031 3rd Avenue
$167
$167/SF
Building Size
1,800 SF
Asset Type
Retail
Closing
Apr 25, 2023
About this deal
AI
The retail space located at 1031 3rd Avenue in New York City has been leased by 201 Convenient Corporation. The property, managed by Direct Property Management, measures 1,800 square feet and was leased at an asking rent of $167 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Date: 04/25/2023
- Address: 1031 3rd Avenue
- Market: New York City
- Landlord: Direct Property Management
- Tenant: 201 Convenient Corporation
- Broker: James Famularo - Meridian Capital Group
- Asking Rent: $167/ft
- SF: 1,800
The leasing transaction was facilitated by James Famularo from Meridian Capital Group, representing the tenant, 201 Convenient Corporation.
Players
Market Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
94988.02%
Cash-on-Cash
-27147.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93