Daniel Hochberg Leases Retail Space To The Flowery At 47 3rd Avenue In East Village
47 3rd Avenue
$150
$150/SF
Building Size
2,210 SF
Asset Type
Retail
Closing
May 21, 2024
AI
The property asset involved in this lease transaction is a retail space located at 47 3rd Avenue in the East Village. The asking rent for this space is set at $150 per square foot, and the total square footage of the property is 2,210 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $150/ft
- Square Footage: 2,210
- Address: 47 3rd Avenue
- Market: East Village
- Landlord: Daniel Hochberg
- Tenant: The Flowery
- Brokers: Michael Segerman & Roy Abraham - Current Real Estate Advisors
- Lease Type: Retail Lease
This deal was facilitated by brokers Michael Segerman and Roy Abraham, who represent Current Real Estate Advisors in the transaction. The landlord, Daniel Hochberg, has entered into a lease agreement with The Flowery as the tenant, indicating a successful negotiation between the parties involved.
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
105753.33%
Cash-on-Cash
-30224.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93