East Drogheda Leases Retail Space At 375 3rd Ave, New York For $175/SF
375 3rd Ave, New York, NY, 10016
$175
$175/SF
Building Size
7,150 SF
Asset Type
Retail
Closing
Jun 28, 2016
AI
The property asset involved in this transaction is a retail space located at 375 3rd Ave, New York, NY, with a total square footage of 7,150. The market for this property is New York, and it has a rental rate of $175 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 375 3rd Ave, New York, NY, 10016
- Market: New York
- Square Feet: 7,150
- Rent/SF: $175
- Landlord: Buchbinder & Warren Realty Group
- Tenant: East Drogheda
- Landlord's Representative: Matthew Olden
This lease transaction features East Drogheda as the tenant taking occupancy of the retail space, while the landlord is represented by Matthew Olden in the deal, ensuring the interests of Buchbinder & Warren Realty Group are upheld.
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
90645.71%
Cash-on-Cash
-25906.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93