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3 E 17th St, New York, NY, ...

Throwdown Fitness Leases 2200 SF At 3 E 17th St New York With Greysteel's Representation
LEASEDRetail

Throwdown Fitness Leases 2200 SF At 3 E 17th St New York With Greysteel's Representation

3 E 17th St, New York, NY, 10003

$65

$65/SF

Building Size

2,200 SF

Asset Type

Retail

Closing

Nov 19, 2023

AI

The property involved in this transaction is located at 3 E 17th St, New York, NY, 10003, in the New York market. The leased space consists of 2,200 square feet and is rented at a rate of $65 per square foot.

Summary of transaction details:

The transaction features tenant Throwdown Fitness entering into a lease agreement with landlord Yjl 3 East Street, facilitated by their respective representatives. Tenant's representative Laki Latinka Igrutinovic is associated with City Connections Realty, while landlords are represented by David Horowitz, David Khorshad, and David Choi from Greysteel.

Players

David Khorshad

Broker

$25.3M

vol

5 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

244046.15%

Cash-on-Cash

-69749.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93