Le Petit Parisien Signs Retail Lease At 1035 3rd Avenue Manhattan With Acadia Realty Trust
1035 3rd Avenue
$150
$150/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Jan 30, 2025
AI
The retail lease transaction involves a property located at 1035 3rd Avenue in Manhattan, with an asking rent of $150 per square foot for a total area of 1,000 square feet. The asset is managed by Acadia Realty Trust, specializing in retail leasing.
Summary of transaction details:
- Property Type: Retail Lease
- Transaction Amount: $150/ft
- Square Footage: 1,000
- Landlord: Acadia Realty Trust
- Tenant: Le Petit Parisien
- Landlord's Representative: Jesse Wolff & Amanda Sujak - JLL
- Tenant's Representative: George Skaliarinis & Matthew Fogel - KSR
Key individuals involved in the transaction include landlords Acadia Realty Trust, represented by Jesse Wolff and Amanda Sujak from JLL, while the tenant, Le Petit Parisien, is represented by George Skaliarinis and Matthew Fogel of KSR. The deal was finalized on January 30, 2025.
Players
New York 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
105753.33%
Cash-on-Cash
-30224.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93