Olio E Più Signs 15-Year Lease At 106 3rd Avenue With Landlord Solil Management
106 3rd Avenue
Building Size
—
Asset Type
Retail
Closing
Apr 29, 2026
About this deal
AI
The property asset involved in this transaction is a retail space located at 106 3rd Avenue in Manhattan, featuring a two-floor layout and an outdoor patio. The asset has a lease agreement for a duration of 15 years, with the tenant occupying roughly 5,000 square feet and taking over the former Brazen Fox space.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Lease Term: 15 years
- Landlord: Jane Goldman - Solil Management
- Tenant: Emil Stefkov - Olio e Più
- Broker: Jarrett Sharp - Murro Realty
This agreement was facilitated by broker Jarrett Sharp of Murro Realty, who represents the landlord in this transaction. The tenant, Emil Stefkov, is associated with the Italian restaurant Olio e Più, indicating a focus on culinary offerings in this retail property.
On the Map
Retail
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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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93