facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Lease

/

1482 3rd Ave, New York, NY,...

Skylar & Madison Leases 1400 Square Feet At 1482 3rd Ave New York From The Feil Organization
LEASEDRetail

Skylar & Madison Leases 1400 Square Feet At 1482 3rd Ave New York From The Feil Organization

1482 3rd Ave, New York, NY, 10028

Building Size

1,400 SF

Asset Type

Retail

Closing

Jul 6, 2021

AI

The property involved in this transaction is located at 1482 3rd Ave, New York, NY, 10028. It consists of 1400 square feet and is situated in the New York market.

Summary of transaction details:

This transaction represents the leasing of commercial space, highlighting the involvement of The Feil Organization as the landlord. Joshua Kaufman and Craig Gelberg from Ripco acted as the tenant's representatives in this deal.

Players

Joshua Kaufman

Bluestar Properties, Inc.

Broker

$31.9M

vol

11 deals

Broker
The Feil Organization
The Feil OrganizationLandlord
Madison Capital Group
Madison Capital GroupTenant

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93