Matto Espresso Leases Retail Space At 110 3rd Avenue In New York City
110 3rd Ave New York, NY 10003, USA
$240
$240/SF
Building Size
300 SF
Asset Type
Retail
Closing
Jun 15, 2023
About this deal
AI
A lease transaction has been completed for a retail property located at 110 3rd Avenue in New York City. The property, represented by Alec Namdar of Meridian Capital Group, was leased to Matto Espresso. The asking rent for the space is $240 per square foot, with a total square footage of 300.
Summary of transaction details:
- Property Type: Retail
- Address: 110 3rd Avenue
- Market: New York City
- Tenant: Matto Espresso
- Broker: Alec Namdar - Meridian Capital Group
- Asking Rent: $240 per square foot
- Total Square Footage: 300
Alec Namdar of Meridian Capital Group represented the property in the lease transaction, securing Matto Espresso as the tenant. The deal was successfully closed with an asking rent of $240 per square foot for the 300 square foot retail space.
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
66095.83%
Cash-on-Cash
-18890.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93