SGD Restaurant Group Leases Retail Space At 350 Third Avenue In Kips Bay
350 Third Avenue, Manhattan, New York, NY, USA
Building Size
1,600 SF
Asset Type
Retail
Closing
Mar 25, 2021
About this deal
AI
This retail asset, located at 350 Third Avenue in the Kips Bay market, encompasses a space of 1,600 square feet. The asking rent for this property is set at $165 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $165/ft.
- Address: 350 Third Avenue
- Market: Kips Bay
- Size: 1,600 SF
- Tenant: SGD Restaurant Group
- Landlord: Icon Realty
- Brokers: Carolina Aziz & Ike Bibi, assin_Sabbagh_Realty
The deal involves the representation of the tenant SGD Restaurant Group and the landlord Icon Realty, facilitated by brokers Carolina Aziz and Ike Bibi from assin_Sabbagh_Realty.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Browse New York retail leases on Traded.
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