Robert Gilardian Leases Retail Space To Water & Wheat At 2418 Broadway For $120/ft
2418 Broadway
$120
$120/SF
Building Size
2,600 SF
Asset Type
Retail
Closing
Feb 21, 2025
AI
The property asset involved in this transaction is a retail space located at 2418 Broadway in the Upper West Side market. The asking rent for this modified gross lease is set at $120 per square foot, with a total area of 2,600 square feet. The arrangement is between the landlord, Robert Gilardian, and the tenant, Water & Wheat.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $120/ft
- Address: 2418 Broadway
- Market: Upper West Side
- Lease Type: Modified Gross Lease
- Landlord: Robert Gilardian
- Tenant: Water & Wheat
- Broker: Daniel Sharga - Meridian Capital Group
The key individuals involved in this transaction include Daniel Sharga, who represents the landlord as the broker through Meridian Capital Group. The lease agreement reflects the mutual interests of the landlord and tenant in the competitive Upper West Side market, highlighting strategic positioning for retail operations.
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
132191.67%
Cash-on-Cash
-37780.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93