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2479 Broadway New York, NY ...

Village Square Pizza Leases Retail Space In Upper West Side For $200/ft On 2479 Broadway
LEASEDRetail

Village Square Pizza Leases Retail Space In Upper West Side For $200/ft On 2479 Broadway

2479 Broadway New York, NY 10025, USA

$200

$200/SF

Building Size

1,050 SF

Asset Type

Retail

Closing

Jul 6, 2023

AI

A retail lease has been signed at 2479 Broadway in the Upper West Side market. The property, spanning 1,050 square feet, will be occupied by Village Square Pizza. The lease was facilitated by brokers David Green, David Sabbagh, and Ike Bibi of KSR, representing the tenant. The landlord of the property is Lightstone, with Ariel Feldhammer representing the company.

Summary of transaction details

  • Property Type: Retail
  • Asking Rent: $200 per square foot
  • Square Footage: 1,050
  • Address: 2479 Broadway
  • Market: Upper West Side

In this deal, brokers David Green, David Sabbagh, and Ike Bibi of KSR represented Village Square Pizza. They worked alongside the tenant to secure the lease at the property owned by Lightstone, with Ariel Feldhammer serving as the landlord's representative. The terms of the lease include an asking rent of $200 per square foot for the 1,050 square foot retail space located at 2479 Broadway in the Upper West Side.

Players

David Sabbagh

Kassin Sabbagh Realty

Broker

60 deals

Broker
Ariel Feldhammer

Ariel Feldhammer

Lightstone Group

Landlord

4 deals

Landlord
VP
Village Square PizzaTenant

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

79315.00%

Cash-on-Cash

-22668.47%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93