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2659 Broadway

Sheer Beauty & Lashes Leases Mixed-Use Space At 2659 Broadway, Upper West Side
LEASEDMixed-use

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

Jacob Wilcox

Meridian Capital Group

Broker

2 deals

Broker
Heller Realty
Heller RealtyLandlord

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