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106 3rd Avenue

Olio E Più Signs 15-Year Lease At 106 3rd Avenue With Landlord Solil Management
LEASEDRetail

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

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.

Players

Jarrett Sharp

Murro Realty

Broker

6 deals

Broker
Solil Management
Solil ManagementLandlord

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