All In One Emporium Signs Ground Lease For Retail Space At 822 Third Ave In Midtown East
822 3rd Avenue
$175
$175/SF
Building Size
1,300 SF
Asset Type
Retail
Closing
Oct 31, 2023
AI
The retail property located at 822 Third Ave in Midtown East has been leased. The property offers 1,300 square feet of space. The lease type for this transaction is a Ground Lease. The asking rent for the space was $175 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not available
The landlord for this property is Simon Chapman and the tenant is All In One Emporium. Representing the landlord in this transaction is Zachary Nathan from Colliers International. The broker involved in the deal is Claude Kolb from KSR.
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
90645.71%
Cash-on-Cash
-25906.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93