Just You Wait LLC Leases Retail Space In Upper West Side For $165,000/year
326 Columbus Avenue, New York City, New York 10023, United States
Building Size
1,100 SF
Asset Type
Retail
Closing
Dec 1, 2021
AI
A retail space located at 326 Columbus Ave. in the Upper West Side has been leased. The lease was finalized on December 1, 2021, between the landlord, Walker Malloy, and the tenant, Just You Wait LLC. The retail space is approximately 1,100 square feet in size. The asking rent for the property was $150 per square foot.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Lease
- Date: 12/01/2021
- Address: 326 Columbus Ave.
- Market: Upper West Side
- Asking Rent: $150/ft.
- SF: 1,100
The tenant was represented by Albert Halawani and Matthew Fogel from KSR, while the landlord was represented by Rafe Evans.
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