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1909 Third Ave Bronx, NY 10...

ZZ Shoppe Corp Leases Retail Space At 1909 3rd Avenue In New York City
LEASEDRetail

ZZ Shoppe Corp Leases Retail Space At 1909 3rd Avenue In New York City

1909 Third Ave Bronx, NY 10454, USA

$85

$85/SF

Building Size

1,200 SF

Asset Type

Retail

Closing

Jun 6, 2023

AI

The retail property located at 1909 3rd Avenue in New York City has been leased. The transaction was facilitated by Yakup Imir from JA Shamosh, who served as the landlord, and ZZ Shoppe Corp, who acted as the tenant. The deal was negotiated by Dane Harlowe and Joseph Harary from Meridian Capital Group, serving as the brokers for both parties.

Summary of transaction details

  • Property Type: Retail
  • Asking Rent: $85/ft
  • Square Footage: 1,200
  • Address: 1909 3rd Avenue
  • Market: New York City

This transaction exemplifies the successful leasing of a retail space within the highly competitive New York City market. The property at 1909 3rd Avenue, spanning 1,200 square feet, commanded an asking rent of $85 per square foot. Yakup Imir from JA Shamosh represented the landlord, while ZZ Shoppe Corp secured the lease as the tenant. The negotiation and deal execution were expertly handled by Dane Harlowe and Joseph Harary from Meridian Capital Group.

Players

Joseph Harary

Meridian Capital Group

Broker

6 deals

Broker

Yakup Imir

Landlord

2 deals

Landlord

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

186623.53%

Cash-on-Cash

-53337.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93