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1349 3rd Avenue

Little Paint Leases Retail Space At 1349 3rd Avenue On Upper East Side, NYC
LEASEDRetail

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

Brandon Singer

Retail By Mona

Broker

$84.3M

vol

59 deals

Broker

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