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633 3rd Avenue

Jordache Leases Retail Space At 633 Third Avenue & 210 East 41st Street In Midtown East
LEASEDRetail

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

Ike Bibi

Kassin Sabbagh Realty

Broker

$274.3M

vol

126 deals

Broker

Jack Kahn

Jordache

Landlord

2 deals

Landlord
SZ
Sage & ZestTenant

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