Westville Signs Retail Lease At 540 Third Avenue New York With Gilar Realty & Ranco Capital
540 Third Avenue
$160
$160/SF
Building Size
4,148 SF
Asset Type
Retail
Closing
Aug 1, 2026
About this deal
AI
The property asset is located at 540 Third Avenue in New York, classified as a retail space. The lease type is a Single Net Lease with an asking rent of $160 per square foot, encompassing a total area of 4,148 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $160/ft
- Address: 540 Third Avenue
- Market: New York
- Landlord: Gilar Realty & Ranco Capital
- Tenant: Westville
- Landlord's Rep: James Famularo & Jordan Langer - Meridian Capital Group
- Tenant's Rep: Robert Bonicoro & Betsy Da Silva - CBRE
This lease transaction involved key individuals and firms including Gilar Realty and Ranco Capital as the landlords. The tenant in this arrangement is Westville, represented by Robert Bonicoro and Betsy Da Silva from CBRE. The landlord's interests were represented by James Famularo and Jordan Langer from Meridian Capital Group.
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
99143.75%
Cash-on-Cash
-28335.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93