SoftSwerveNYC Leases Retail Space At 379 Third Avenue In Murray Hill, Represented By Logan Ryan & James Famularo
379 3rd Ave, New York, NY 10016, USA
Building Size
4,750 SF
Asset Type
Retail
Closing
Dec 30, 2019
AI
The retail property located at 379 Third Avenue in Murray Hill has been involved in a closed transaction. The property spans 475 square feet and was leased by the tenant, Soft SwerveNYC. The landlord of the property is Buchbinder and Warren. The asking rent for this retail space was $5,950, with a price per square foot of $150.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 379 Third Avenue, Murray Hill
- Market: Murray Hill
- Tenant: SoftSwerveNYC
- Landlord: Buchbinder and Warren
- Asking Rent: $5,950
- Price Per Square Foot: $150
- Square Footage: 475
Representing the tenant in this transaction were Logan Ryan & James Famularo, while the landlord was represented by Matthew Olden & William Abramson.
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