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
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