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
About this deal
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.
On the Map
$160
$160/SF
Retail
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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
99143.75%
Cash-on-Cash
-28335.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93