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942 Third Avenue New York

Avocado Green Mattress Leases 12,000 Square Feet Retail Townhouse At 942 3rd Avenue
LEASEDRetail

Avocado Green Mattress Leases 12,000 Square Feet Retail Townhouse At 942 3rd Avenue

942 Third Avenue New York

Building Size

12,000 SF

Asset Type

Retail

Closing

Apr 15, 2026

AI

The property asset involved in the transaction is a retail townhouse located at 942 3rd Avenue in Midtown East. This five-story building encompasses a total of 12,000 square feet, specifically designed for retail use.

Summary of transaction details:

Avocado Green Mattress has leased the entire building for a vertical flagship, marking a significant addition to the retail landscape at this location. The transaction features key involvement from the landlord representatives who facilitated the agreement and the tenant representatives who represented the interests of Avocado Green Mattress.

Players

Brandon Singer

Retail By Mona

Broker

$84.3M

vol

59 deals

Broker
Avocado Green Mattress
Avocado Green MattressTenant

Caledonia 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