Little Paint Leases Retail Space At 1349 3rd Avenue On Upper East Side, NYC
$150
$150/SF
Building Size
1,600 SF
Asset Type
Retail
Closing
Nov 21, 2022
AI
The retail property located at 1349 3rd Avenue in the Upper East Side has been leased. The asset spans 1,600 square feet and was leased for an asking rent of $150 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Lease
- Address: 1349 3rd Avenue
- Market: Upper East Side
- Asking Rent: $150/ft.
- Square Footage: 1,600
The landlord involved in this transaction is Ashkenazy Acquisition Corporation. The tenant who leased the property is Little Paint. Brandon Singer and Kim Levandovsky from Retail by Mona represented the tenant as their representatives.
Players
Market 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