Pizza Hut Leases Retail Space At 1911 3rd Avenue In New York City
1911 Third Ave Bronx, NY 10454, USA
$90
$90/SF
Building Size
2,700 SF
Asset Type
Retail
Closing
Jul 17, 2023
AI
The retail property located at 1911 3rd Avenue in New York City has been leased. The property, spanning 2,700 square feet, was leased by Pizza Hut. The landlord for this transaction is ISJ Management, represented by David J. Jemal. The broker involved in this lease agreement is Bruce Herman of Booth Street. The asking rent for this retail space was set at $90 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 1911 3rd Avenue, New York City
- Tenant: Pizza Hut
- Landlord: ISJ Management - David J. Jemal
- Broker: Bruce Herman - Booth Street
- Asking Rent: $90 per square foot
- Square Footage: 2,700
Bruce Herman, the broker from Booth Street, facilitated the lease transaction between Pizza Hut and ISJ Management. This deal highlights the collaboration between the tenant, landlord, and broker, as they came together to negotiate the terms of the lease agreement for the retail space located at 1911 3rd Avenue in New York City.
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
176255.56%
Cash-on-Cash
-50374.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93