Heller Leases Retail Space To AlterNative At 2333 Broadway In Upper West Side
2333 Broadway
Building Size
800 SF
Asset Type
Retail
Closing
Dec 9, 2024
About this deal
AI
The retail property located at 2333 Broadway in the Upper West Side market features a modified gross lease with a specified asking rent of $240 per square foot. The total square footage of the leased space amounts to 800 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $192,000
- Landlord: Heller
- Tenant: AlterNative
- Landlord's Representative: Ben Biberaj & Cameron Parson - Meridian Capital Group
- Tenant's Representative: Sophia Gaines - KSR
The transaction was facilitated by the involvement of the representatives from both the landlord and tenant, ensuring a smooth process. Ben Biberaj and Cameron Parson represented Heller, while Sophia Gaines represented AlterNative in the lease agreement.
On the Map
Retail
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Players
New York 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
66095.83%
Cash-on-Cash
-18890.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93