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
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