Jordache Leases Retail Space At 633 Third Avenue & 210 East 41st Street In Midtown East
633 3rd Avenue
$95
$95/SF
Building Size
3,800 SF
Asset Type
Retail
Closing
Jan 23, 2023
AI
633 Third Avenue & 210 East 41st Street, located in Midtown East, has been leased for retail purposes. The tenant, Sage & Zest, will occupy a space measuring 3,800 square feet with an asking rent of $95 per square foot. The lease transaction was completed on January 23, 2023.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 633 Third Avenue & 210 East 41st Street
- Market: Midtown East
Jordache, represented by Jack Kahn, served as the landlord for this lease deal. The tenant, Sage & Zest, was represented by Andrew Stern & Ravi Idnani from Newmark. Carolina Aziz, Ike Bibi, and David Green, from KSR, acted as the landlord's representatives in the transaction.
Players
Lenoir City 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