Sheer Beauty & Lashes Leases Mixed-Use Space At 2659 Broadway, Upper West Side
2659 Broadway
Building Size
550 SF
Asset Type
Mixed-use
Closing
May 8, 2020
AI
The mixed-use property located at 2659 Broadway on the Upper West Side has recently been leased. The tenant, Sheer Beauty & Lashes, has entered into an agreement with the landlord, Heller Realty. The lease transaction was facilitated by brokers James Famularo, Ben Biberaj, and Jacob Wilcox from Meridian Capital Group. The lease was finalized on 08/05/2020.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Date: 08/05/2020
- Address: 2659 Broadway
- Market: Upper West Side
- Tenant: Sheer Beauty & Lashes
- Landlord: Heller Realty
- Brokers: James Famularo, Ben Biberaj, Jacob Wilcox - Meridian Capital Group
- Asking Rent: $170/FT.
- Square Footage: 550 SF
The involvement of James Famularo, Ben Biberaj, and Jacob Wilcox from Meridian Capital Group was instrumental in the successful lease negotiation between Sheer Beauty & Lashes and Heller Realty. This lease transaction demonstrates their expertise in the Upper West Side market.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · 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