Michael Rudin & Samantha Rudin Earls Lease 4,107 SF Retail Space To Pandora In Times Square
3 Times Sq
Building Size
4,107 SF
Asset Type
Retail
Closing
Apr 8, 2026
About this deal
AI
The property involved in this transaction is a retail asset located at 3 Times Square in Manhattan. The space covers an area of 4,107 square feet, serving as a high-visibility location for retail operations.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 3 Times Sq
- Market: Manhattan
- Landlord: Michael Rudin & Samantha Rudin Earls - Rudin Management Company
- Tenant: Berta de Pablos-Barbier - Pandora
- Landlord's Representative: Darrell Rubens - Newmark
- Tenant's Representative: Davie Berke - JLL
This deal is notable for marking Pandora's expansion of its retail presence in New York City with the opening of a new store in Times Square. The transaction highlights the ongoing interest from global brands in securing flagship locations with high visibility.
On the Map
Retail
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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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93