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
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