Al Zaza Convenience Leases Retail Space On Upper West Side
2803 Broadway, New York City, New York 10025, United States
Building Size
650 SF
Asset Type
Retail
Closing
Mar 13, 2022
About this deal
AI
The retail property located at 2803 Broadway in the Upper West Side has been leased to Al Zaza Convenience. The lease transaction was facilitated by Ben Biberaj from Meridian Retail Leasing and David Green from KSR. The property was listed by Heller Realty, and the asking rent for the 650 square foot space was $150 per square foot.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Leased
- Date: 03/14/2022
- Address: 2803 Broadway
- Market: Upper West Side
- Landlord: Heller Realty
- Tenant: Al Zaza Convenience
- Brokers: Ben Biberaj - Meridian Retail Leasing, David Green - KSR
- Asking Rent: $150/ft.
- Square Footage: 650
Ben Biberaj from Meridian Retail Leasing and David Green from KSR played a crucial role in representing the parties involved in this lease deal for the retail property at 2803 Broadway in the Upper West Side.
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