Sage & Zest Leases Retail Space At 633 Third Avenue & 210 East 41st Street In Midtown East
633 3rd Avenue, New York City, New York 10017, United States
$95
$95/SF
Building Size
3,800 SF
Asset Type
Retail
Closing
Jan 23, 2023
AI
The retail property located at 633 Third Avenue & 210 East 41st Street in Midtown East has been leased. The property spans a total of 3,800 square feet. The lease transaction was completed on January 23, 2023.
Summary of transaction details
- Property Type: Retail
- Transaction Date: January 23, 2023
- Address: 633 Third Avenue & 210 East 41st Street
- Market: Midtown East
The landlord for the retail property is Jordache, represented by Jack Kahn. The tenant, Sage & Zest, was represented by Andrew Stern & Ravi Idnani from Newmark. The landlord's representatives for the deal were Carolina Aziz, Ike Bibi, and David Green from KSR.
The asking rent for the lease was $95 per square foot. The lease covered a total area of 3,800 square feet.
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
166978.95%
Cash-on-Cash
-47723.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93