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344 Third Avenue, Manhattan...

Sucker Punch Sports Club Leases Retail Space In Kips Bay At 344 Third Avenue
LEASEDRetail

Sucker Punch Sports Club Leases Retail Space In Kips Bay At 344 Third Avenue

344 Third Avenue, Manhattan, New York, NY, USA

Building Size

3,500 SF

Asset Type

Retail

Closing

Oct 1, 2021

AI

344 Third Avenue, located in the Kips Bay market, has been leased for retail use. The property spans approximately 3,500 square feet. The lease was signed on October 1, 2021.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not available

The landlord of the property is ATA Enterprises, while Sucker Punch Sports Club is the tenant. The leasing deal was facilitated by Russ Roseband from The Lot Next Door and KSR represented by Gabe Icikson, David Green, and Ike Bibi.

Players

Ike Bibi

Kassin Sabbagh Realty

Broker

$274.3M

vol

125 deals

Broker
AE
ATA EnterprisesLandlord

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