Verada Leases Retail Space At 2461 Broadway, Upper West Side To Blank Street Coffee
2461 Broadway
Building Size
—
Asset Type
—
Closing
Sep 15, 2022
About this deal
AI
The retail asset located at 2461 Broadway in the Upper West Side market encompasses a space of 1,005 square feet. The asking rent for this property was set at $215 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $215/ft.
- Address: 2461 Broadway
- Market: Upper West Side
- Landlord: Adam America & Northlink Capital
- Tenant: Blank Street Coffee
- Landlord's Representative: Brendan Thrapp & Nate Mallon - Verada
Verada successfully facilitated the lease of this retail portion to Blank Street Coffee prior to the completion of the building project. Brendan Thrapp and Nate Mallon represented the landlords in this transaction.
On the Map
Players
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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