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2661 Broadway

Meridian Capital Secures Retail Lease For Maxx And Fluffy'S At 2661 Broadway
LEASEDRetail

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

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.

Players

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

197 deals

Broker

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