The Feil Organization Leases Retail Space At 1151 3rd Ave, New York
1151 3rd Ave, New York, NY, 10065
Building Size
5,300 SF
Asset Type
Retail
Closing
Jul 28, 2021
AI
The retail property located at 1151 3rd Ave, New York, NY, 10065, spans 5300 square feet and was leased on 07/28/2021. The landlord, The Feil Organization, was represented by Nicholas (Nick) Dries from The Feil Organization. The asset is situated in the New York market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not Applicable
- Landlord: The Feil Organization
- Landlord's Representative: Nicholas (Nick) Dries (The Feil Organization)
The deal involved the leasing of the retail space by The Feil Organization. Nicholas (Nick) Dries, representing the landlord, facilitated the transaction in the New York market.
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