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
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