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
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