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1128 Third Avenue

Vincent Young Leases Retail Space To ThisBowl At 1128 Third Avenue For $266 Per Ft
LEASEDRetail

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

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

365 deals

Broker

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