Rocket Club Signs Lease For Retail Space On Upper East Side
1336 3rd Ave New York, NY 10075, USA
$150
$150/SF
Building Size
1,100 SF
Asset Type
Retail
Closing
Jul 18, 2023
AI
The property involved in this lease transaction is a retail space located at 1336 3rd Avenue in the Upper East Side market. The space measures approximately 1,100 square feet and is owned by Sutton Garett Realty. The tenant in this transaction is Rocket Club. The deal was facilitated by Ori Melloul and Daniel Kestenbaum of Kassin Sabbagh Realty. The asking rent for the space was $150 per square foot.
Summary of transation details
- Property Type: Retail
- Transaction Amount: N/A
- Address: 1336 3rd Avenue
- Market: Upper East Side
- Landlord: Sutton Garett Realty
- Tenant: Rocket Club
- Brokers: Ori Melloul and Daniel Kestenbaum - Kassin Sabbagh Realty
- Asking Rent: $150 per square foot
- Square Footage: 1,100
Ori Melloul and Daniel Kestenbaum of Kassin Sabbagh Realty played crucial roles as the brokers representing both the landlord and the tenant in the lease transaction. Their expertise and negotiation skills helped facilitate the deal between Sutton Garett Realty and Rocket Club.
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
105753.33%
Cash-on-Cash
-30224.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93