AG Salon Leases Retail Space In Midtown East For $90/ft
940 3rd Avenue, New York City, New York 10022, United States
Building Size
1,200 SF
Asset Type
Retail
Closing
Apr 21, 2022
About this deal
AI
AG Salon has signed a lease agreement for a retail space at 940 Third Ave. in Midtown East. The property, measuring 1,200 square feet, will be the new location for the salon. The lease transaction was facilitated by Mike Dibella of Pliskin Real Estate, who represented AG Salon. Norman Rappaport, the landlord, was represented by Claude Kolb of KSR.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 940 Third Ave.
- Market: Midtown East
Mike Dibella from Pliskin Real Estate served as AG Salon's representative in the lease deal. Norman Rappaport, the landlord, was represented by Claude Kolb of KSR.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93