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540 Third Avenue

Updated Aug 25, 2026

Westville Signs Retail Lease At 540 Third Avenue New York With Gilar Realty & Ranco Capital
LEASEDRetail

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:

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

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

376 deals

Broker
Gilar Realty & Ranco Capital
Gilar Realty & Ranco CapitalLandlord

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Deal FAQ

About $160 per square foot on a published $160 for 4,148 square feet (2026).

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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

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