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303 Park Avenue South, New ...

Chai Urgent Care Leases Retail Space At 303 Park Avenue South In Flatiron Market
LEASEDRetail

Chai Urgent Care Leases Retail Space At 303 Park Avenue South In Flatiron Market

303 Park Avenue South, New York City, New York 10010, United States

Building Size

3,700 SF

Asset Type

Retail

Closing

Feb 28, 2022

AI

The retail property located at 303 Park Avenue South in the Flatiron market was recently leased. The lease transaction was finalized on 03/01/2022.

Summary of transaction details:

  • Property Type: Retail
  • Address: 303 Park Avenue South
  • Market: Flatiron

The landlord of the property is Edward Friedman. The tenant of the space is Chai Urgent Care, represented by Yoni Hadar and Eddy Salameh. The tenant's representatives in the deal are Albert Manopla and Jack Khaski from KSR. Haz Aliessa from Tower Brokerage acted as the landlord's representative.

The asking rent for the property was $400 per square foot, and the total square footage of the space is 3,700 square feet.

Players

Albert Manopla

Kassin Sabbagh Realty

Broker

$4.3M

vol

83 deals

Broker
CC
Chai Urgent CareTenant
Eddy Salameh

Eddy Salameh

Chai Urgent Care

Tenant

$1.4M

vol

15 deals

Tenant

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