Fore Feathers Chicken Leases Retail Space At 347 3rd Avenue In Kips Bay, Manhattan
347 3rd Avenue
$160
$160/SF
Building Size
750 SF
Asset Type
Retail
Closing
Feb 9, 2024
AI
The retail property at 347 3rd Avenue in Kips Bay, Manhattan has recently been leased. The 10-year lease was signed between Empire Management, the landlord, and Fore Feathers Chicken, the tenant. The lease type is a Single Net Lease, with an asking rent of $160 per square foot. The space measures 750 square feet, and the transaction was facilitated by the broker Michael Segerman from Current Real Estate Advisors.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: N/A
- Date: 02/09/2024
- Address: 347 3rd Avenue, Kips Bay, Manhattan
- Market: Kips Bay, Manhattan
- Landlord: Empire Management
- Tenant: Fore Feathers Chicken
- Broker: Michael Segerman - Current Real Estate Advisors
- Asking Rent: $160/ft
- Lease Type: Single Net Lease
- Lease Term: 10 Year
Please note that no additional information was provided in the context.
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
99143.75%
Cash-on-Cash
-28335.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93