Scott Silverman Leases Retail Space To Upscale Cocktail Bar At 367 Third Avenue In Manhattan
367 Third Avenue
$120
$120/SF
Building Size
2,400 SF
Asset Type
Retail
Closing
Jun 18, 2026
About this deal
AI
The retail asset located at 367 Third Avenue in Manhattan was leased by an upscale cocktail bar. The lease agreement was established at an asking rent of $120 per square foot for a total space of 2,400 square feet. This transaction falls under a retail lease type.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $120/ft
- Address: 367 Third Avenue
- Market: Manhattan
- Landlord: Scott Silverman
- Tenant: Upscale Cocktail Bar
- Brokers: Abe Bichoupan & Aaron Aziz - ARA
- Lease Type: Retail Lease
Abe Bichoupan and Aaron Aziz represented both sides of the transaction through ARA, demonstrating their expertise in navigating lease agreements. This collaboration aids owners in filling their spaces while supporting tenants in establishing new locations.
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
132191.67%
Cash-on-Cash
-37780.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93