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
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