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392 Columbus Avenue

Wafels & Dinges Leases Mixed-use Space On Upper West Side NYC
LEASEDMixed-use

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

Lee Block

RTL Real Estate

Broker

22 deals

Broker
Elliot Sohayegh

Elliot Sohayegh

Landlord

$66.5M

vol

10 deals

Landlord

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