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2727 Broadway, Upper West S...

AT&T Leases Retail Space At 2727 Broadway On The Upper West Side With Tenant's Rep John LaRuffa - Cushman & Wakefield
LEASEDRetail

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

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

Isaac Bijou

MOD

Broker

$1.4M

vol

39 deals

Broker
A
At&tTenant

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