Sheer Beauty & Lashes Leases Mixed-Use Property On Upper West Side For $93.5K/year
2659 Broadway, New York, NY 10025, USA
Building Size
550 SF
Asset Type
Mixed-use
Closing
May 7, 2020
AI
The latest transaction in the property market involves a mixed-use asset located at 2659 Broadway in the desirable Upper West Side neighborhood. The deal was completed on 08/05/2020.
Summary of transaction details:
- Property Type: Mixed-Use
- Transaction Amount: Not specified
The landlord of this property is Heller Realty, while the tenant who secured the lease is Sheer Beauty & Lashes. The leasing process was facilitated by brokers James Famularo, Ben Biberaj, and Jacob Wilcox from Meridian Capital Group.
Not much additional information is available about this transaction. However, the asking rent for the space was around $170 per square foot, with the total square footage being 550 square feet.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease transactions
Loading comparables…
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