Wafels & Dinges Leases Mixed-use Space On Upper West Side NYC
392 Columbus Avenue
$240
$240/SF
Building Size
1,400 SF
Asset Type
Mixed-use
Closing
Jul 25, 2022
AI
An 1,400 square-foot mixed-use property located at 392 Columbus Ave. in the Upper West Side of New York City has been leased. The property is owned by NYC Columbus Holdings, represented by Elliot Sohayegh. The tenant for the space is Wafels & Dinges. The lease transaction was facilitated by Lee Block of Winick Realty, acting as the tenant's representative. On the other hand, the landlord was represented by Steven Evans, Joseph Zalta, and Emre Bozkurt of Platinum Properties.
Summary of transaction details:
- Property Type: Mixed-use
- Asking Rent: $240 per square foot
- Space: 1,400 square feet
- Date: July 25, 2022
- Address: 392 Columbus Ave.
- Market: Upper West Side
The lease transaction involved Wafels & Dinges as the tenant, while NYC Columbus Holdings, represented by Elliot Sohayegh, acted as the landlord. The tenant was represented by Lee Block of Winick Realty. On the other hand, the landlord was represented by Steven Evans, Joseph Zalta, and Emre Bozkurt of Platinum Properties.
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
66095.83%
Cash-on-Cash
-18890.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93