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
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