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2807 Broadway New York, NY ...

Body Mechanics Acupuncture Leases Retail Space At 2807 Broadway In New York City From Heller Realty
LEASEDRetail

Body Mechanics Acupuncture Leases Retail Space At 2807 Broadway In New York City From Heller Realty

2807 Broadway New York, NY 10025, USA

$160

$160/SF

Building Size

600 SF

Asset Type

Retail

Closing

May 30, 2023

AI

Heller Realty has completed a lease transaction for a retail property located at 2807 Broadway in New York City. The tenant, Body Mechanics Acupuncture, has signed a lease agreement for the space.

Summary of transaction details

  • Property Type: Retail
  • Asking Rent: $160/ft
  • Square Footage: 600
  • Address: 2807 Broadway
  • Market: New York City

The deal was facilitated by brokers Ben Biberaj, Ben Howard, and Damian Meehan from Meridian Capital Group. They represented both the landlord, Heller Realty, and the tenant, Body Mechanics Acupuncture, in this transaction.

Players

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

192 deals

Broker
Heller Realty
Heller RealtyLandlord

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

99143.75%

Cash-on-Cash

-28335.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93