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3500 Broadway, New York Cit...

Fly Wing E-Bike Leases Retail Space At 3500 Broadway In Hamilton Heights
LEASEDRetail

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.

Players

Robert Mulholland

Meridian Capital Group

Broker

18 deals

Broker

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