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
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