Vincent Young Leases Retail Space To ThisBowl At 1128 Third Avenue For $266 Per Ft
1128 Third Avenue
$266
$266/SF
Building Size
1,350 SF
Asset Type
Retail
Closing
May 25, 2026
AI
The property asset involved in this transaction is a retail space located at 1128 Third Avenue in the Upper East Side market. The asking rent for this location is $266 per square foot, with a total square footage of 1,350. This transaction is categorized as a Single Net Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $266/ft
- Square Footage: 1,350
- Address: 1128 Third Avenue
- Market: Upper East Side
- Landlord: Vincent Young
- Tenant: ThisBowl
- Landlord's Representative: James Famularo & Cole Kleppinger - Meridian Capital Group
- Tenant's Representative: Michael Cohen & Neal Ohm - Newmark
Key individuals involved in this lease include landlord Vincent Young and tenant ThisBowl. The representatives engaged in this transaction are James Famularo and Cole Kleppinger representing the landlord through Meridian Capital Group, while Michael Cohen and Neal Ohm represent the tenant from Newmark.
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
59635.34%
Cash-on-Cash
-17043.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93