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1571 Third Ave Bronx, NY 10...

Taim Leases Retail Space In Upper East Side From Highstine Capital At 1571 3rd Avenue
LEASEDRetail

Taim Leases Retail Space In Upper East Side From Highstine Capital At 1571 3rd Avenue

1571 Third Ave Bronx, NY 10454, USA

$200

$200/SF

Building Size

1,300 SF

Asset Type

Retail

Closing

Jun 5, 2023

AI

An Upper East Side retail property located at 1571 3rd Avenue has recently been leased. The property, measuring 1,300 square feet, was leased by Taim. The deal was facilitated by the landlord's representative, Nathan Aballi and Claude Kolb from KSR, and the tenant's representative, Marc Frankel and Drew Weiss from Newmark. The lease transaction took place on June 5, 2023.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not mentioned
  • Address: 1571 3rd Avenue
  • Market: Upper East Side

Taim, a retail tenant, has leased a 1,300 square feet space located at 1571 3rd Avenue in the Upper East Side. The deal was facilitated by Nathan Aballi and Claude Kolb from KSR, representing the landlord Highstine Capital, and Marc Frankel and Drew Weiss from Newmark, representing the tenant Taim.

Players

Claude Kolb

Lee & Associates

Broker

40 deals

Broker

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

79315.00%

Cash-on-Cash

-22668.47%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93