AT&T Leases Retail Space At 2727 Broadway On The Upper West Side With Tenant's Rep John LaRuffa - Cushman & Wakefield
2727 Broadway, Upper West Side, New York, NY, USA
Building Size
550 SF
Asset Type
Retail
Closing
May 3, 2021
AI
AT&T has signed a lease agreement for a retail space located at 2727 Broadway in the Upper West Side market. The property, measuring approximately 550 square feet, was leased at an asking rent of $120 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 2727 Broadway
- Market: Upper West Side
- Tenant: AT&T
- Tenant's Rep: John LaRuffa - Cushman & Wakefield
- Landlord's Rep: Isaac Bijou, Joseph Harary & James Famularo - Meridian Retail Leasing
John LaRuffa from Cushman & Wakefield represented AT&T as their leasing agent in this deal. Meanwhile, Isaac Bijou, Joseph Harary, and James Famularo from Meridian Retail Leasing acted as the landlord's representatives. The lease agreement for this retail space was finalized on May 4, 2021, and the transaction took place in the Upper West Side market.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93