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99 3rd Avenue

Banh EV Signs Retail Lease At 99 3rd Avenue With Landlord Steven Corman
LEASEDRetail

Banh EV Signs Retail Lease At 99 3rd Avenue With Landlord Steven Corman

99 3rd Avenue

$171

$171/SF

Building Size

1,400 SF

Asset Type

Retail

Closing

Aug 2, 2024

AI

The retail asset located at 99 3rd Avenue in Manhattan has a lease type classified as a Retail Lease. The asking rent is set at $171 per square foot for a total space of 1,400 square feet.

Summary of transaction details:

This transaction involves key representatives with Ben Biberaj and Sam Tucker facilitating on behalf of the landlord, while Lip Fei Jiang represents the tenant. Their professional involvement highlights the collaborative effort in securing the lease agreement in the Manhattan retail market.

Players

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

197 deals

Broker

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

92766.08%

Cash-on-Cash

-26512.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93