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2869 Broadway

Sahara Leases Retail Space At 2869 Broadway On Upper West Side With Landlord George Zoitas
LEASEDRetail

Sahara Leases Retail Space At 2869 Broadway On Upper West Side With Landlord George Zoitas

2869 Broadway

$100

$100/SF

Building Size

6,000 SF

Asset Type

Retail

Closing

Dec 1, 2023

AI

The retail property at 2869 Broadway in the Upper West Side has recently been leased by Sahara. The lease was facilitated by broker Akram Mozeb of KSR. The property spans 6,000 square feet and the asking rent was $100 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Lease
  • Date: 12/01/2023
  • Address: 2869 Broadway
  • Market: Upper West Side
  • Landlord: George Zoitas
  • Tenant: Sahara
  • Broker: Akram Mozeb - KSR
  • Asking Rent: $100/ft

Akram Mozeb of KSR represented Sahara in the leasing deal for the retail property at 2869 Broadway.

Players

Akram Mozeb

Kassin Sabbagh Realty

Broker

15 deals

Broker

Market 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

158630.00%

Cash-on-Cash

-45336.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93