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950 3rd Ave, New York, NY, ...

Roche Bobois Leases Retail Space At 950 3rd Ave, New York
LEASEDRetail

Roche Bobois Leases Retail Space At 950 3rd Ave, New York

950 3rd Ave, New York, NY, 10022

Building Size

8,200 SF

Asset Type

Retail

Closing

May 10, 2018

AI

The property at 950 3rd Ave, New York, NY, 10022, is a retail asset spanning 8200 square feet. The lease for this property was finalized on 05/10/2018 in the bustling market of New York. The tenant, Roche Bobois, was represented by Steven Greenberg of The Greenberg Group, while the landlord for this transaction was Ana Real Estate.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not provided
  • Tenant: Roche Bobois
  • Tenant's Rep: Steven Greenberg (The Greenberg Group)
  • Landlord: Ana Real Estate
  • Address: 950 3rd Ave, New York, NY, 10022
  • Market: New York
  • Square Feet: 8200

The involvement of Steven Greenberg from The Greenberg Group as the tenant's representative and Ana Real Estate as the landlord highlights the key individuals and companies in this lease transaction. The collaboration between these parties culminated in the successful renting of the retail space at the prime location on 950 3rd Ave, New York. This deal signifies a significant move within the retail market of New York, showcasing the strategic decisions made by both the tenant and the landlord.

Players

Steven Greenberg

The Greenberg Group

Broker

1 deal

Broker
RW Real Estate
RW Real EstateLandlord

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93