facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Retail

/

Lease

/

2485 Broadway

Lightstone Group Leases Retail Space To Dim Sum Palace In Upper West Side For $200/ft
LEASEDRetail

Lightstone Group Leases Retail Space To Dim Sum Palace In Upper West Side For $200/ft

2485 Broadway

$200

$200/SF

Building Size

1,500 SF

Asset Type

Retail

Closing

May 14, 2025

AI

The asset involved in this transaction is a retail space located at 2485 Broadway in the Upper West Side market. The space encompasses 1,500 square feet and the asking rent was set at $200 per foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $200/ft
  • Address: 2485 Broadway
  • Market: Upper West Side
  • Lease Type: Retail Lease
  • Landlord: Ariel Feldhamer - Lightstone Group
  • Tenant: Dim Sum Palace
  • Brokers: Albert Salameh, David Green & David Sabbagh - KSR

This leasing transaction was facilitated by brokers Albert Salameh, David Green, and David Sabbagh, all representing KSR. The involvement of these brokers was crucial in connecting the landlord, Lightstone Group, with the tenant, Dim Sum Palace.

Players

David Sabbagh

Kassin Sabbagh Realty

Broker

61 deals

Broker
Lightstone Group
Lightstone GroupLandlord

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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