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2901 Broadway, New York, NY...

Blue Bottle Coffee Leases Retail Space At 2901 Broadway, New York
LEASEDRetail

Blue Bottle Coffee Leases Retail Space At 2901 Broadway, New York

2901 Broadway, New York, NY, 10025

Building Size

1,711 SF

Asset Type

Retail

Closing

Aug 22, 2019

AI

The retail property located at 2901 Broadway in New York, NY, 10025, spans 1,711 square feet and is owned by Columbia University. The lease for this asset was signed on 08/22/2019 with Blue Bottle Coffee as the tenant, facilitated by Marc Frankel of Newmark.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Tenant: Blue Bottle Coffee
  • Square Feet: 1,711
  • Landlord: Columbia University
  • Broker: Marc Frankel (Newmark)
  • Market: New York

The lease agreement for the retail space at 2901 Broadway, New York, involved Columbia University as the landlord and Blue Bottle Coffee as the tenant. Marc Frankel from Newmark represented the deal, showcasing the collaboration among these key individuals and entities in the New York market.

Players

Marc Frankel

Newmark

Broker

12 deals

Broker
CU
Columbia UniversityLandlord
BC
Blue Bottle CoffeeTenant

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