3rd Food & Café Corp. Leases Retail Space In Murray Hill For $150/ft
362 3rd Avenue, New York City, New York 10016, United States
Building Size
1,500 SF
Asset Type
Retail
Closing
Feb 15, 2022
About this deal
AI
Located in Murray Hill, the retail property at 362 3rd Avenue has recently been leased. The transaction took place on February 16, 2022, and the property spans a total of 1,500 square feet. The lease was facilitated by brokers Jordan Raphan and Albert Halawani from KSR. The asking rent for the space was $150 per square foot.
Summary of Transaction Details
- Property Type: Retail
- Date: 02/16/2022
- Address: 362 3rd Avenue
- Tenant: 3rd Food & Café Corp.
- Landlord: Benjamin Gordon
- Brokers: Jordan Raphan & Albert Halawani - KSR
- Asking Rent: $150/ft.
- Size: 1,500 square feet
Jordan Raphan and Albert Halawani from KSR played a key role in representing both the landlord, Benjamin Gordon, and the tenant, 3rd Food & Café Corp., in this lease transaction. Their expertise in the Murray Hill market area helped facilitate a successful agreement between the involved parties.
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