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2220 Broadway New York, NY ...

PC Richard & Son Leases Retail Space At 2220 Broadway In New York
LEASEDRetail

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

Ariel Schuster

Newmark

Broker

$461.2M

vol

27 deals

Broker
PS
P.C. Richard & SonTenant

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