Van Leeuwen Artisan Ice Cream Leases 500 Square Feet At 432 3rd Ave New York
432 3rd Ave, New York, NY, 10016
Building Size
500 SF
Asset Type
Retail
Closing
Dec 14, 2018
AI
A lease transaction has occurred involving a 500 square feet property located at 432 3rd Ave, New York, NY, 10016. The property is situated in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Van Leeuwen Artisan Ice Cream
- Landlord: Gramercy Construction and Management Corporation
- Tenant's Representative: Jaime Schultz - Lee & Associates
- Landlord's Representative: Jenna Heidenberg - TSCG (The Shopping Center Group)
The deal outlines notable representatives for both parties, with Jaime Schultz from Lee & Associates representing the tenant and Jenna Heidenberg from TSCG (The Shopping Center Group) representing the landlord in this transaction.
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