Michael Rose Leases Retail Space To Gotham Bites On Broadway For $130 Per Ft
Building Size
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Asset Type
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Closing
Oct 13, 2026
About this deal
AI
The property asset involved in this transaction is a retail space located at 2748 Broadway in Manhattan. The asset has a lease term of 10 years under a modified gross lease and encompasses a total square footage of 1,200. The asking rent for the property is set at $130 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $130/ft
- Lease Term: 10 Years
- Lease Type: Modified Gross Lease
- Landlord: Michael Rose
- Tenant: Gotham Bites
- Landlord's Representative: Moshe Akiva & Ely Akiva - Momentum Realty Group
- Tenant's Representative: Joseph Zalta - Platinum Commercial
This transaction involves key individuals such as landlord Michael Rose and tenant Gotham Bites, with Moshe Akiva and Ely Akiva representing the landlord through Momentum Realty Group and Joseph Zalta representing the tenant via Platinum Commercial.
Players
Market CRE Market Snapshot
Boundary boundary · CRE · 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