Updated Oct 29, 2024
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
About this deal
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.
On the Map
MultiFamily
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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