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2485 Broadway

Taim Leases Retail Space In Upper West Side Building
LEASEDRetail

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

David Sabbagh

Kassin Sabbagh Realty

Broker

60 deals

Broker
Lightstone Group
Lightstone GroupLender
Ariel Feldhammer

Ariel Feldhammer

Lightstone Group

Landlord

4 deals

Landlord

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