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
About this deal
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
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