Fly Wing E-Bike Leases Retail Space At 3500 Broadway In Hamilton Heights
3500 Broadway, New York City, New York 10031, United States
Building Size
1,500 SF
Asset Type
Retail
Closing
May 16, 2022
AI
The retail property located at 3500 Broadway in Hamilton Heights, recently underwent a lease transaction. The asset spans a total of 1,500 square feet and was leased to Fly Wing E-Bike. The lease deal was facilitated by broker Rob Mulholland from Meridian Retail Leasing. The asking rent for the retail space was $110 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: N/A
- Address: 3500 Broadway
- Market: Hamilton Heights
- Tenant: Fly Wing E-Bike
- Broker: Rob Mulholland - Meridian Retail Leasing
- Asking Rent: $110/ft.
- Square Footage: 1,500
In this lease transaction, Rob Mulholland from Meridian Retail Leasing represented Fly Wing E-Bike as the tenant. The deal signifies the growing interest in retail spaces in the Hamilton Heights market.
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