PC Richard & Son Leases Retail Space At 2220 Broadway In New York
2220 Broadway New York, NY 10024, USA
$277
$277/SF
Building Size
30,000 SF
Asset Type
Retail
Closing
Jul 10, 2023
AI
A new lease deal has been completed in the retail sector in New York. The property involved in the transaction is located at 2220 Broadway. The asset type is a retail space, covering an area of 30,000 square feet. The deal was finalized on 07/10/2023.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 2220 Broadway, New York
The tenant in this lease deal is P.C. Richard & Son. The landlord's representatives are Ariel Schuster and Mitch Heifetz from Newmark. On the other hand, Erin Grace and Hilary Sievers from JLL represent the tenant. The transaction does not mention the asking rent or any additional financial details.
Note: P.C. Richard & Son is relocating its Upper West Side store to a larger space seven blocks south. The new store will be situated at 2220 Broadway.
Players
Saskatoon Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
57267.15%
Cash-on-Cash
-16367.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93