Naya Leases Retail Space At 827 3rd Avenue Represented By Cushman & Wakefield In New York City
827 3rd Avenue
$200
$200/SF
Building Size
1,530 SF
Asset Type
Retail
Closing
Mar 24, 2025
AI
The property asset involved in this lease transaction is a retail space located at 827 3rd Avenue in New York City. The leased area encompasses 1,530 square feet, with a rent set at $200 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 827 3rd Avenue
- Market: New York City
- Square Feet: 1,530
- Tenant: Naya
- Landlord: The Durst Organization
- Tenant's Representatives: Neil Seth (Cushman & Wakefield), Kathryn Cruz (Cushman & Wakefield), Jennifer Konefsky (Cushman & Wakefield)
- Landlord's Representatives: Tom Bow (The Durst Organization), Sayo Kamara (Cushman & Wakefield)
This lease was facilitated by representatives from Cushman & Wakefield, who represented the tenant Naya, while the landlord's interests were handled by a representative from The Durst Organization, alongside another representative from Cushman & Wakefield. This collaboration played a significant role in the transaction.
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
79315.00%
Cash-on-Cash
-22668.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93