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2333 Broadway

Heller Leases Retail Space To AlterNative At 2333 Broadway In Upper West Side
LEASEDRetail

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:

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

Albert Manopla

Kassin Sabbagh Realty

Broker

$4.3M

vol

83 deals

Broker

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