Taim Leases Retail Space In Upper West Side Building
2485 Broadway
$200
$200/SF
Building Size
1,308 SF
Asset Type
Retail
Closing
Apr 12, 2023
AI
The retail property located at 2485 Broadway in the Upper West Side has been leased. The tenant, Taim, will occupy a space with a square footage of 1,308. The lease was facilitated by the landlord, Lightstone, represented by Ariel Feldhammer, and the tenant was represented by Marc Frankel and Drew Weiss from Newmark. The asking rent for the space was $200 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 2485 Broadway
- Market: Upper West Side
David Green, David Sabbagh from KSR represented the landlord, Lightstone, in the lease deal. They were seeking dry-use tenants for the remaining spaces in the building. For more information, interested parties can reach out to David Sabbagh and David Green.
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