Roxann Management Leases 5,000 SF Retail Space To BeFit NYC On Upper West Side
2681 Broadway
$180
$180/SF
Building Size
6,000 SF
Asset Type
Retail
Closing
Sep 2, 2025
AI
The property asset involved in the transaction is located at 2681 Broadway in the Upper West Side market. It is categorized as a retail asset with a total square footage of 5,000. The asking rent for this property was set at $120 per square foot, with a lease term of 15 years. The landlord of the property is Roxann Management.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $120/ft
- Lease Term: 15 years
- Lease Type: Retail Lease
- Landlord: Roxann Management
- Tenant: BeFit NYC
- Broker: Matthew Ball - Ripco
Matthew Ball from Ripco represented the landlord in this lease transaction, while BeFit NYC is expanding their presence on the Upper West Side with this new outpost, which is double the size of their existing location.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
88127.78%
Cash-on-Cash
-25187.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93