Updated Dec 4, 2024
3 Kings Distribution Signs Modified Gross Lease At 2717 Broadway On Upper West Side
2717 Broadway
$200
$200/SF
Building Size
1,200 SF
Asset Type
MultiFamily
Closing
Dec 21, 2023
About this deal
AI
The multifamily property located at 2717 Broadway in the Upper West Side has been leased. The lease agreement was signed on 12/21/2023. The property consists of a total of 1,200 square feet. The landlord in this transaction is Ruth Shomrom, and the tenant is 3 Kings Distribution. The lease was facilitated by brokers Meyer Dagmy and Isaac Bijou from MOD.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not applicable for leases
- Address: 2717 Broadway
- Market: Upper West Side
The lease agreement for the property involved a Modified Gross Lease. The asking rent for the space was $200 per square foot, resulting in a total of $240,000 per year. The lease terms and conditions were negotiated between the landlord and tenant, with Meyer Dagmy and Isaac Bijou representing the tenant in the deal.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Lease transactions
Loading comparables…
Deal FAQ
Visit Isaac Bijou to view all their deals.
Browse New York multifamily leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
79315.00%
Cash-on-Cash
-22668.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93