LEASED
Starbucks Signs Lease For 1500 Square Feet At 482 W Broadway New York With BLDG Management
482 W Broadway, New York, NY, 10012
Building Size
1,500 SF
Asset Type
—
Closing
Nov 19, 2023
AI
The property involved in this transaction is located at 482 W Broadway, New York, NY, 10012. It consists of 1,500 square feet and is situated in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 482 W Broadway, New York, NY, 10012
- Square Feet: 1,500
- Landlord: BLDG Management
- Tenant: Starbucks
- Landlord's Representative: Cory Zelnik
The deal was facilitated by Cory Zelnik, representing the landlord, BLDG Management, in negotiations with Starbucks, the tenant signing the lease on the property.
Players
New York 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