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2461 Broadway, New York Cit...

Blank Street Coffee Leases Retail Space In Upper West Side For $215/ft
LEASEDRetail

Blank Street Coffee Leases Retail Space In Upper West Side For $215/ft

2461 Broadway, New York City, New York 10025, United States

Building Size

1,005 SF

Asset Type

Retail

Closing

Aug 24, 2022

AI

The retail portion of the property located at 2461 Broadway in the Upper West Side has been successfully leased out. The tenant, Blank Street Coffee, will occupy a space measuring 1,005 square feet. The property is owned by Adam America and Northlink Capital, and the lease was negotiated by Brendan Thrapp and Nate Mallon from Verada, representing the landlords.

Summary of transaction details:

  • Property Type: Retail
  • Asking Rent: $215/ft.
  • Square Footage: 1,005
  • Address: 2461 Broadway
  • Market: Upper West Side

Verada, represented by Brendan Thrapp and Nate Mallon, successfully leased out the retail space to Blank Street Coffee before the completion of the building. For any other vacancies or space requirements, interested parties are encouraged to reach out to Verada.

Players

Nathaniel Mallon

Verada

Broker

$9.8M

vol

24 deals

Broker

Adam America

Northlink Capital

Landlord

$289.6M

vol

12 deals

Landlord
BC
Blank Street CoffeeTenant

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93