JECT Leases Retail Space At 1320 3rd Avenue In New York City
1320 3rd Avenue, New York City, New York 10021, United States
$300
$300/SF
Building Size
2,192 SF
Asset Type
Retail
Closing
Feb 16, 2023
AI
The retail property located at 1320 3rd Avenue in New York City has recently been leased. The transaction took place on January 16, 2023.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Size: 2,192 square feet
- Asking Rent: $300 per square foot
- Market: New York City
The lease was arranged between the tenant, JECT, and the landlord, Joshua Baily Shipping Company. Representing the tenant in the deal were Brandon Singer and Suzanne Bernstock from Retail By Mona. Thomas Mars represented the landlord in the transaction.
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
52876.67%
Cash-on-Cash
-15112.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93