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:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 942 3rd Avenue
- Market: Midtown East
- Landlord: Naomi Altholz & Andre Altholz
- Tenant: Vy Nguyen - Avocado Green Mattress
- Landlord's Representatives: Brandon Singer, Sunny Woo & Jason Lloyd - Retail By Mona
- Tenant's Representatives: Alexandra Yanoff - Brand Urban; Tess Jacoby - RUE Realty
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
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