HeyTea Leases Retail Space At 2815 Broadway, Upper West Side, Manhattan
2815 Broadway
$130
$130/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Jun 1, 2024
AI
Located at 2815 Broadway in the Upper West Side of Manhattan, this retail property has been leased out. The asset spans 1,000 square feet with an asking rent of $130 per square foot. The deal was closed on 06/01/2024.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- LANDLORD: Heller Realty
TENANT: HeyTea
LANDLORD'S REP: Ben Biberaj & Gabrielle Weiss - Meridian Capital Group
TENANT'S REP: Wayne Zhou - EXP Realty
The negotiation was facilitated by Ben Biberaj and Gabrielle Weiss from Meridian Capital Group, representing the landlord Heller Realty. Wayne Zhou from EXP Realty acted as the tenant's representative, finalizing the lease agreement for the retail space.
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
122023.08%
Cash-on-Cash
-34874.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93