Cologo Nail & Spa Leases Retail Space At 2649 Broadway In New York City
2649 Broadway New York, NY 10025, USA
$130
$130/SF
Building Size
1,600 SF
Asset Type
Retail
Closing
Jun 9, 2023
About this deal
AI
The retail property located at 2649 Broadway in New York City has been leased. The property, spanning 1,600 square feet, was leased by Cologo Nail & Spa. The landlord, Aulder Capital, was represented by Ben Biberaj from Meridian Capital Group, while Jeremy Tucker from Newmark represented the tenant.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 2649 Broadway, New York City
- Market: New York City
- Landlord: Aulder Capital
- Tenant: Cologo Nail & Spa
- Landlord's Representative: Ben Biberaj - Meridian Capital Group
- Tenant's Representative: Jeremy Tucker - Newmark
- Asking Rent: $130/ft
- Square Footage: 1,600
The deal was successfully facilitated through the efforts of Ben Biberaj from Meridian Capital Group representing the landlord, Aulder Capital, and Jeremy Tucker from Newmark representing the tenant, Cologo Nail & Spa. The lease was finalized at an asking rent of $130 per square foot for the 1,600 square feet of retail space located at 2649 Broadway in New York City.
On the Map
$130
$130/SF
Retail
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
122023.08%
Cash-on-Cash
-34874.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93