BeRejuved Medical Spa & Wellness Studio Leases Retail Space At 940 3rd Avenue In Manhattan
940 3rd Avenue
$65
$65/SF
Building Size
1,400 SF
Asset Type
Retail
Closing
Feb 12, 2026
AI
The retail asset located at 940 3rd Avenue in Manhattan is being leased under a Single Net Lease arrangement. The asking rent for this property is set at $65 per square foot, encompassing a total area of 1,400 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $65/ft
- Square Footage: 1,400
- Address: 940 3rd Avenue
- Market: Manhattan
- Landlord: Norman Rappaport
- Tenant: BeRejuved Medical Spa & Wellness Studio - NYC
- Brokers: Noam Aziz & Ahuva Cohen - Meridian Capital Group
Noam Aziz and Ahuva Cohen, representing Meridian Capital Group, facilitated the leasing transaction for the landlord and tenant. Their involvement highlights the brokerage's role in successfully managing and negotiating the lease for this retail property.
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
244046.15%
Cash-on-Cash
-69749.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93