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280 3rd Ave Gramercy, New Y...

Goswick Leases Retail Space At 280 Third Avenue In Gramercy
LEASEDRetail

Goswick Leases Retail Space At 280 Third Avenue In Gramercy

280 3rd Ave Gramercy, New York City, Ny 10010

$102

$102/SF

Building Size

1,100 SF

Asset Type

Retail

Closing

May 26, 2023

AI

The retail space located at 280 Third Avenue in the Gramercy market has been leased. The landlord, ABS Partners, has entered into an agreement with the tenant, Goswick. The transaction was facilitated by the tenant's representatives, Carolina Aziz, Madeleine Soffer, and Ike Bibi from KSR, and the landlord's representatives, Cooper Katz and Mark Tergesen from ABS Partners Real Estate. The lease is for a total of 1,100 square feet of space.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not applicable
  • Address: 280 Third Avenue
  • Market: Gramercy

Carolina Aziz, Madeleine Soffer, and Ike Bibi from KSR represented Goswick as their tenant's representatives in the lease transaction. Cooper Katz and Mark Tergesen from ABS Partners Real Estate acted as the landlord's representatives. The asking rent for the retail space was $102 per square foot.

Players

Ike Bibi

Kassin Sabbagh Realty

Broker

$274.3M

vol

125 deals

Broker
AP
ABS PartnersLandlord

Greater Sudbury 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

155519.61%

Cash-on-Cash

-44447.98%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93