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3940 Broadway, New York, NY...

Walgreens Leases 2350 Square Feet At 3940 Broadway New York From Columbia University With Rep Jedd Nero
LEASEDOffice

Walgreens Leases 2350 Square Feet At 3940 Broadway New York From Columbia University With Rep Jedd Nero

3940 Broadway, New York, NY, 10032

Building Size

2,350 SF

Asset Type

Office

Closing

Nov 20, 2023

AI

The property involved in the transaction is located at 3940 Broadway, New York, NY, 10032. The space comprises 2,350 square feet and is situated in the New York market.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 3940 Broadway, New York, NY, 10032
  • Market: New York
  • Tenant: Walgreens
  • Landlord: Columbia University
  • Tenant's Representative: Jedd Nero - Lee & Associates, Jeremy Schwartz

The key participants in this lease transaction include Walgreens as the tenant, with representation from Jedd Nero and Jeremy Schwartz. Columbia University serves as the landlord in this agreement.

Players

Jeremy Schwartz

Broker

4 deals

Broker
CU
Columbia UniversityLandlord

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

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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