Modern Bread & Bagel Leases Retail Space On Upper East Side
1427 3rd Avenue, New York City, New York 10075, United States
Building Size
1,500 SF
Asset Type
Retail
Closing
Nov 3, 2022
About this deal
AI
Modern Bread & Bagel has leased a retail space at 1427 3rd Avenue in the Upper East Side of New York City. The space, measuring 1,500 square feet, was leased from landlord Aaron Daniels. The lease was brokered by Claude Kolb of KSR. The asking rent for the space was $240 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Date: 11/04/2022
- Address: 1427 3rd Avenue
- Market: Upper East Side
Claude Kolb of KSR represented the tenant, Modern Bread & Bagel, in the lease deal.
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Retail
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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