CareCube Leases Retail Space In Murray Hill At 355 3rd Avenue With Landlord Empire Management. Brokered By Michael Segerman - Dynamik Real Estate Group
355 3rd Avenue, New York City, New York 10029, United States
Building Size
3,000 SF
Asset Type
Retail
Closing
Dec 23, 2021
About this deal
AI
The retail space located at 355 3rd Avenue in Murray Hill has been leased in a recent transaction. The property, covering an area of 3,000 square feet, was leased by Empire Management to the tenant CareCube. The deal was facilitated by Michael Segerman of Dynamik Real Estate Group, who served as the broker representing the tenant.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: N/A
- Asking Rent: $120 per square foot
- Address: 355 3rd Avenue, Murray Hill
- Market: Murray Hill
The landlord, Empire Management, successfully leased the retail space to CareCube. Michael Segerman from Dynamik Real Estate Group played a crucial role as the tenant's representative in this deal. The lease was finalized on 12/23/2021.
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