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2418 Broadway

Robert Gilardian Leases Retail Space To Water & Wheat At 2418 Broadway For $120/ft
LEASEDRetail

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.

Players

Daniel Sharga

Meridian Capital Group

Broker

$2.3M

vol

7 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

132191.67%

Cash-on-Cash

-37780.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93