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2735 Broadway, New York, NY...

Serafina Restaurant Group Signs Lease For 4200 Square Feet At 2735 Broadway New York
LEASEDRetail

Serafina Restaurant Group Signs Lease For 4200 Square Feet At 2735 Broadway New York

2735 Broadway, New York, NY, 10025

Building Size

4,200 SF

Asset Type

Retail

Closing

Mar 24, 2017

AI

The property involved in this lease transaction is located at 2735 Broadway, New York, NY, 10025. It encompasses a total of 4,200 square feet and is situated in the New York market.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 2735 Broadway, New York, NY, 10025
  • Market: New York
  • Square Feet: 4,200
  • Tenant: Serafina Restaurant Group
  • Tenant's Representative: Jarrett Sharp
  • Landlord: Gatsby Realty

Jarrett Sharp represents Serafina Restaurant Group in this transaction, while Gatsby Realty acts as the landlord. The involvement of these parties highlights the collaborative effort in securing this lease arrangement.

Players

Jarrett Sharp

Broker

6 deals

Broker
Current Real Estate Advisors
Current Real Estate AdvisorsBrokerage
Gatsby Enterprises
Gatsby EnterprisesLandlord

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