3rd Avenue Discount Leases Retail Space At 135 Third Avenue In Gramercy
135 Third Avenue, Manhattan, New York, NY, USA
Building Size
6,526 SF
Asset Type
Retail
Closing
Jan 21, 2021
About this deal
AI
The retail property located at 135 Third Avenue in Gramercy has recently been leased. The deal was finalized on 01/22/2021.
Summary of transaction details
- Property Type: Retail
- Address: 135 Third Avenue
- Market: Gramercy
- Tenant: 3rd Avenue Discount
- Landlord: Kenwood Estates - Richard Goldberg
- Tenant's Representative: Jordan Raphan & Jack Khaski (@Kassin_Sabbagh_Realty)
- Landlord's Representative: Phil Katz - Katz NYC
- Asking Rent: $50 per square foot
- Square Footage: 6,526
Jordan Raphan and Jack Khaski from Kassin Sabbagh Realty represented the tenant, 3rd Avenue Discount, in the lease deal. Phil Katz from Katz NYC acted as the landlord's representative for Kenwood Estates, owned by Richard Goldberg.
On the Map
Retail
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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