BGO Leases Retail Space To Poke Bowl At 685 Third Avenue For $184 Per Square Foot
685 Third Avenue
$184
$184/SF
Building Size
1,500 SF
Asset Type
Retail
Closing
Jun 7, 2026
About this deal
AI
The property involved in this transaction is located at 685 Third Avenue in Manhattan. It is a retail asset with a total square footage of 1,500. The asking rent for this property was set at $184 per square foot, and the lease type is classified as a single net lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $276,000
- Address: 685 Third Avenue
- Market: Manhattan
- Landlord: BGO
- Tenant: Poke Bowl
- Landlord's Representative: Matthew Schuss & Patrick Smith - JLL
- Tenant's Representative: Jack Khaski, Albert Manopla & Hunter Lazan - KSR
Key individuals involved in the transaction include the landlord BGO and the tenant Poke Bowl. The representatives for the landlord are Matthew Schuss and Patrick Smith from JLL, while Jack Khaski, Albert Manopla, and Hunter Lazan from KSR represent the tenant in this lease agreement.
On the Map
$184
$184/SF
Retail
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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
86211.96%
Cash-on-Cash
-24639.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93