Ph7 Beauty Leases Retail Space On Upper East Side Via Shneur Kamish & Claude Kolb At Kassin Sabbagh Realty
1286 Third Avenue, Upper East Side, New York, NY, USA
Building Size
1,500 SF
Asset Type
Retail
Closing
Mar 31, 2021
About this deal
AI
The retail property located at 1286 Third Ave. in the Upper East Side was leased on April 1, 2021. The asset spans 1,500 square feet and features a storefront image by Zalman Kamish & Claude Kolb.
Summary of transaction details
- Property Type: Retail
- Lease Date: 04/01/2021
- Address: 1286 Third Ave.
- Market: Upper East Side
- Image: Zalman Kamish & Claude Kolb
The tenant for this lease is Ph7 Beauty. The deal was facilitated by brokers Shneur Kamish & Claude Kolb from Kassin Sabbagh Realty. The asking rent for the property was $175 per square foot.
Players
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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