3rd Ave Delight Secures Retail Lease At 560 3rd Avenue In Murray Hill From Scott Rifkin
560 3rd Avenue
$125
$125/SF
Building Size
1,100 SF
Asset Type
Retail
Closing
Sep 23, 2024
AI
The retail property located at 560 3rd Avenue in the Murray Hill area of Manhattan features a total square footage of 1,100 and is leased at an asking rent of $125 per foot. This property is involved in a retail lease transaction.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $137,500
- Address: 560 3rd Avenue
- Market: Murray Hill, Manhattan
- Landlord: Scott Rifkin - Murray Hill Mews Owners Corp
- Tenant: 3rd Ave Delight
- Landlord's Representative: Max Kreinces - Retail By Mona
- Tenant's Representative: Benjamin Namdar - ARA
The deal features Scott Rifkin, representing the landlord as part of the Murray Hill Mews Owners Corp, while Benjamin Namdar serves as the tenant's representative from ARA. Max Kreinces is representing the landlord's interests in this transaction.
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
126904.00%
Cash-on-Cash
-36269.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93