Health Express Leases Retail Space In Kips Bay At 443 3rd Ave
443 3rd Avenue, New York City, New York 10016, United States
Building Size
1,100 SF
Asset Type
Retail
Closing
May 10, 2022
About this deal
AI
An 1100 square foot retail property located at 443 3rd Ave. in Kips Bay has been leased to Health Express. The lease transaction was completed on May 11, 2022. The landlord, Elliot Heifetz, was represented by David Sabbagh and David Green from KSR. The asking rent for the space was $185 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 443 3rd Ave.
- Market: Kips Bay
David Sabbagh and David Green from KSR represented the landlord, Elliot Heifetz, in the lease transaction with Health Express. The retail property at 443 3rd Ave. offers a prime location in Kips Bay and was leased at an asking rent of $185 per square foot.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Browse New York retail leases on Traded.
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