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379 3rd Ave, New York, NY 1...

SoftSwerveNYC Leases Retail Space At 379 Third Avenue In Murray Hill, Represented By Logan Ryan & James Famularo
LEASEDRetail

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

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

362 deals

Broker

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