Meridian Capital Secures Retail Lease For Maxx And Fluffy'S At 2661 Broadway
2661 Broadway
$120
$120/SF
Building Size
600 SF
Asset Type
Retail
Closing
May 9, 2024
About this deal
AI
The retail property located at 2661 Broadway in the Upper West Side was leased to Maxx And Fluffy'S. The landlord of the property is Heller Realty. The lease was facilitated by Ben Biberaj, Gabrielle Weiss, and Cameron Parson from Meridian Capital Group. The retail space spans 600 square feet, with an asking rent of $120 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 2661 Broadway
- Market: Upper West Side
- Landlord: Heller Realty
- Tenant: Maxx And Fluffy'S
- Brokers: Ben Biberaj, Gabrielle Weiss, Cameron Parson - Meridian Capital Group
- Asking Rent: $120/ft
- Lease Type: Retail Lease
Gabrielle Weiss, Ben Biberaj, and Cameron Parson played a crucial role as brokers in the leasing transaction. Meridian Capital Group effectively represented both the landlord, Heller Realty, and the tenant, Maxx And Fluffy'S, in securing this retail lease deal.
On the Map
$120
$120/SF
Retail
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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
132191.67%
Cash-on-Cash
-37780.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93