Jaide Haifa Skincare & Sugaring Studio Leases Entire 3rd Floor At 940 3rd Avenue In Midtown East
940 3rd Avenue
$60
$60/SF
Building Size
1,400 SF
Asset Type
Retail
Closing
Feb 1, 2024
AI
The retail space located at 940 3rd Avenue, in the Midtown East market, has been leased. The entire 3rd floor, covering an area of 1,400 square feet, will now be occupied by Jaide Haifa Skincare & Sugaring Studio. The lease was finalized on February 1, 2024, with an asking rent of $60 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 940 3rd Avenue - Entire 3rd Floor
- Market: Midtown East
- Tenant: Jaide Haifa Skincare & Sugaring Studio
The landlord of this retail space is Norman Rappaport. Representing the landlord in this deal were Noam Aziz and Greg Goldberg from Meridian Capital Group. On the tenant's side, Wendy Mcdonald from Judson CRE acted as their representative.
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
264383.33%
Cash-on-Cash
-75561.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93