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:
- Property Type: Retail
- Transaction Date: 10/19/2023
- Address: 2481 Broadway
- Market: Upper West Side, Manhattan
- Landlord: Ariel Feldhammer - Lightstone Group
- Tenant: Moka & Co.
- Brokers: David Green, David Sabbagh, Ike Bibi & Dorel Melloul - KSR
- Asking Rent: $160 per square foot
- Lease Type: Ground Lease
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
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