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
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