facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Lease

/

2578 Broadway, Manhattan

Blue Marble Ice Cream & Cafe Lease 1,100 SF Space At 2578 Broadway In Upper West Side
LEASEDMultiFamily

Blue Marble Ice Cream & Cafe Lease 1,100 SF Space At 2578 Broadway In Upper West Side

2578 Broadway, Manhattan

Building Size

1,100 SF

Asset Type

MultiFamily

Closing

Feb 28, 2021

AI

A multifamily property located at 2578 Broadway on the Upper West Side has recently been leased. The tenant, Blue Marble Ice Cream & Cafe, has signed a lease agreement with the landlord, Ditmas Management Corp., represented by Jonathan Sirulnick of JPSirulnick. The deal was facilitated by broker Philip Katz of Katz_NYC.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Date: 03/01/2021
  • Address: 2578 Broadway
  • Market: Upper West Side

Philip Katz of Katz_NYC served as the broker in the transaction, representing the interests of the landlord, Ditmas Management Corp. Jonathan Sirulnick of JPSirulnick acted as the landlord's representative. The leasing agreement was signed with Blue Marble Ice Cream & Cafe, who will now operate at the property.

Players

Philip Katz

Kassin Sabbagh Realty

Broker

$27.5M

vol

6 deals

Broker

Jonathan Sirulnick

Landlord

2 deals

Landlord

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · 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