Uptown Lashes Inc. Leases Retail Space At 1258 Third Ave On Upper East Side
1258 Third Ave, Upper East Side, New York, NY, USA
Building Size
1,600 SF
Asset Type
Retail
Closing
Jun 3, 2020
AI
The retail property located at 1258 Third Ave in the Upper East Side has been leased. The lease transaction took place on 06/03/2021.
Summary of transaction details:
- Property Type: Retail
- Address: 1258 Third Ave
- Market: Upper East Side
- Tenant: Uptown Lashes Inc.
- Landlord: 165 E. 72nd Apartment Corp. - Rebecca Blackwell
- Tenant Representative: Claude Kolb - Kassin Sabbagh Realty
- Landlord Representative: Jennifer Bernstein - Current Real Estate
- Asking Rent: $180/ft.
- Square Footage: 1,600
Uptown Lashes Inc. has leased the retail space from the landlord, 165 E. 72nd Apartment Corp., represented by Rebecca Blackwell. The tenant was represented by Claude Kolb from Kassin Sabbagh Realty, and the landlord was represented by Jennifer Bernstein from Current Real Estate. The asking rent for the 1,600 square feet space was $180 per square foot.
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