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2664 Broadway

Buttercup Bakery Leases Retail Space At 2664 Broadway In Upper West Side From Niew Amsterdam Management
LEASEDMultiFamily

Buttercup Bakery Leases Retail Space At 2664 Broadway In Upper West Side From Niew Amsterdam Management

2664 Broadway

$180

$180/SF

Building Size

1,200 SF

Asset Type

MultiFamily

Closing

Nov 15, 2024

AI

The property asset involved in this transaction is a multifamily retail lease located at 2664 Broadway in the Upper West Side market. The asking rent is $180 per square foot, with a total square footage of 1,200. This site houses the well-known "Broadway Restaurant" space, which had been operational for over 40 years before welcoming a new tenant, Buttercup Bakery.

Summary of transaction details:

This transaction showcases the collaboration between multiple representatives, including Titan Group New York, which specializes in commercial and residential leasing. The landlord's representatives, Tyler Zar, Adam Lavian, and Tanner Zar, played a significant role in facilitating the lease to Buttercup Bakery, represented by Jack Hurley of Isa Realty Group. A note from the landlord's representatives indicates their strong credentials in helping landlords lease their vacant units efficiently.

Players

Adam Lavian

Titan Group New York

Broker

58 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

88127.78%

Cash-on-Cash

-25187.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93