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2481 Broadway

Moka & Co. Leases Retail Space At 2481 Broadway On The Upper West Side Of Manhattan
LEASEDRetail

Moka & Co. Leases Retail Space At 2481 Broadway On The Upper West Side Of Manhattan

2481 Broadway

$160

$160/SF

Building Size

1,050 SF

Asset Type

Retail

Closing

Oct 19, 2023

AI

The property involved in this transaction is a retail space located at 2481 Broadway in the Upper West Side of Manhattan. The asset has a total square footage of 1,050 square feet and is available for lease on a ground lease basis. The asking rent for the space is $160 per square foot.

Summary of transaction details:

In this deal, Moka & Co. has secured a lease for the retail space at 2481 Broadway. The transaction was facilitated by brokers David Green, David Sabbagh, Ike Bibi, and Dorel Melloul from KSR. Ariel Feldhammer of the Lightstone Group acts as the landlord for the property.

Players

David Sabbagh

Kassin Sabbagh Realty

Broker

60 deals

Broker
Lightstone Group
Lightstone GroupLender
Ariel Feldhammer

Ariel Feldhammer

Lightstone Group

Landlord

4 deals

Landlord

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

99143.75%

Cash-on-Cash

-28335.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93