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2394 Broadway

Treasures Bakery Leases Retail Space On Broadway, Upper West Side For 10 Years
LEASEDRetail

Treasures Bakery Leases Retail Space On Broadway, Upper West Side For 10 Years

2394 Broadway

$162

$162/SF

Building Size

2,000 SF

Asset Type

Retail

Closing

Mar 27, 2024

AI

The retail property located at 2394 Broadway in the Upper West Side of Manhattan was leased to Treasures Bakery. The lease, facilitated by brokers Jeremy Banilevi, Cory Zelnik, and Jason Turner from Zelnik & Company, had an asking rent of $162 per square foot for a space measuring 2,000 square feet and a lease term of 10 years under a Modified Gross Lease agreement.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 2394 Broadway
  • Market: Upper West Side, Manhattan
  • Landlord: BLDG Management
  • Tenant: Treasures Bakery
  • Brokers: Jeremy Banilevi, Cory Zelnik, Jason Turner - Zelnik & Company
  • Asking Rent: $162/ft
  • Lease Type: Modified Gross Lease
  • Lease Term: 10 years

Jeremy Banilevi, Cory Zelnik, and Jason Turner of Zelnik & Company played key roles in the lease transaction, representing the landlord, BLDG Management, and the tenant, Treasures Bakery, in securing a long-term lease for the retail space at 2394 Broadway. The assets involved in the deal showcase the vibrant commercial real estate activity in the bustling Upper West Side market of Manhattan.

Players

Cory Zelnik

Zelnik & Company

Broker

$3M

vol

9 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

97919.75%

Cash-on-Cash

-27985.77%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93