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1911 Third Ave Bronx, NY 10...

Pizza Hut Leases Retail Space At 1911 3rd Avenue In New York City
LEASEDRetail

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

Bruce Herman

Booth Street

Broker

$41.1M

vol

22 deals

Broker
Pizza Hut
Pizza HutTenant

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