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
About this deal
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.
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