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2459 Broadway

Broadway CBD Leases Retail Space At 2459 Broadway, Upper West Side, Manhattan
LEASEDRetail

Broadway CBD Leases Retail Space At 2459 Broadway, Upper West Side, Manhattan

2459 Broadway

$300

$300/SF

Building Size

650 SF

Asset Type

Retail

Closing

Aug 16, 2023

AI

The retail property at 2459 Broadway in the Upper West Side of Manhattan has recently been leased. The property is owned by Icon Realty Management and the tenant is Broadway CBD. The lease transaction was facilitated by Daniel Levian and Aaron Aziz of Avenue Realty Advisors.

Summary of transaction details

  • Property Type: Retail
  • Asking Rent: $300/ft
  • Square Footage: 650
  • Date: 08/16/2023
  • Address: 2459 Broadway, Upper West Side, Manhattan
  • Market: Upper West Side, Manhattan

Daniel Levian and Aaron Aziz of Avenue Realty Advisors represented both the landlord, Icon Realty Management, and the tenant, Broadway CBD, in this lease transaction.

Players

Aaron Aziz

ARA

Broker

47 deals

Broker
Icon Realty Management
Icon Realty ManagementLandlord

Market 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

52876.67%

Cash-on-Cash

-15112.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93