Omer Ahmed Leases Retail Space On 3rd Avenue In Murray Hill, Manhattan
531 3rd Ave New York, NY 10016, USA
$72
$72/SF
Building Size
1,011 SF
Asset Type
Retail
Closing
Aug 9, 2023
AI
The retail property located at 531 3rd Avenue in Murray Hill, Manhattan has recently been leased. The property spans a total of 1,011 square feet and is owned by Thomas Fan. The tenant who has secured the lease is Omer Ahmed. The lease transaction was facilitated by Sarkie Ampim of Batra Group Real Estate.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: N/A
- Address: 531 3rd Avenue, Murray Hill, Manhattan
- Market: Murray Hill, Manhattan
- Landlord: Thomas Fan
- Tenant: Omer Ahmed
- Broker: Sarkie Ampim - Batra Group Real Estate
- Asking Rent: $72/ft
The deal's key individuals include Thomas Fan, the property's landlord, Omer Ahmed, the new tenant, and Sarkie Ampim, the broker representing the Batra Group Real Estate. This lease transaction serves as an exciting opportunity for Omer Ahmed to establish their business in the vibrant Murray Hill neighborhood of Manhattan.
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
220319.44%
Cash-on-Cash
-62967.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93