Heller Leases Retail Space To AlterNative At 2333 Broadway In Upper West Side
2333 Broadway
$240
$240/SF
Building Size
800 SF
Asset Type
Retail
Closing
Dec 9, 2024
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.
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