Ikea Leases Space At 999 Third Avenue From Zucker Organization With Broker Eric Yarbro From Colliers International
999 Third Avenue, New York, NY, USA
Building Size
17,530 SF
Asset Type
Retail
Closing
Dec 12, 2018
About this deal
AI
The property involved in this closed lease transaction is located at 999 Third Avenue. The tenant is Ikea USA and the landlord is Zucker Organization. The lease deal was facilitated by broker Eric Yarbro from Cushman & Wakefield.
Summary of transaction details
- Property Type: Lease
- Transaction Amount: Not mentioned
- Tenant: Ikea USA
- Landlord: Zucker Organization
- Broker: Eric Yarbro - Cushman & Wakefield
- Asking Rent: $350/ft.
- Square Footage: 17,530
Erik Yarbro from Cushman & Wakefield represented Ikea USA in this lease deal for the property at 999 Third Avenue.
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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