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:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1482 3rd Ave, New York, NY, 10028
- Tenant: Skylar + Madison
- Landlord: The Feil Organization
- Tenant's Representatives: Joshua Kaufman and Craig Gelberg (Ripco)
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
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93