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1370 3rd Avenue

FedEx Leases 4,500 SF Retail Space At 1370 3rd Avenue Upper East Side From RFR
LEASEDRetail

FedEx Leases 4,500 SF Retail Space At 1370 3rd Avenue Upper East Side From RFR

1370 3rd Avenue

$400

$400/SF

Building Size

4,500 SF

Asset Type

Retail

Closing

Feb 7, 2025

AI

The property asset involved in this transaction is a retail space located at 1370 3rd Avenue in the Upper East Side market. The total square footage of the space is 4,500, and the asking rent is set at $400 per foot. This leasing agreement is classified as a long-term retail lease.

Summary of transaction details:

This transaction features key representatives in the deal, including Brandon Singer, Virginia Pittarelli, and Madison Grossman representing Retail By MONA. Additionally, Scott Zinovoy and Josh Strauss represent Dreamscape Companies in this leasing agreement.

Players

Brandon Singer

Retail By Mona

Broker

$84.3M

vol

59 deals

Broker
DC
Dreamscape CompaniesBrokerage
F
FedExTenant

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

39657.50%

Cash-on-Cash

-11334.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93