Wen Wong Leases Retail Space At 303 Park Avenue South For 15 Years With Edward A. Friedman Realty
303 Park Avenue South
$244
$244/SF
Building Size
2,800 SF
Asset Type
Retail
Closing
Jul 30, 2025
AI
The retail asset located at 303 Park Avenue South in the Flatiron market has a lease agreement with a 15-year term. The asking rent is set at $244 per square foot for a total space of 2,800 square feet. The lease type is a Single Net Lease.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $244/ft
- Square Footage: 2,800
- Address: 303 Park Avenue South
- Market: Flatiron
- Landlord: Edward A. Friedman Realty
- Tenant: Wen Wong
- Landlord's Representative: Haz Aliessa - Tower Brokerage
- Tenant's Representative: Olivia Hwang - Lee & Associates
- Lease Term: 15 Years
- Lease Type: Single Net Lease
The transaction involves key representatives, with Haz Aliessa from Tower Brokerage representing the landlord, Edward A. Friedman Realty, and Olivia Hwang from Lee & Associates representing the tenant, Wen Wong.
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
65012.30%
Cash-on-Cash
-18580.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93