Wandererhub.com Leases Retail Space At 3626 Broadway In Hamilton Heights With Monarch Realty Group
3626 Broadway
$93
$93/SF
Building Size
550 SF
Asset Type
Retail
Closing
Aug 16, 2024
AI
The retail asset located at 3626 Broadway in the Hamilton Heights market encompasses a total square footage of 550. The asking rent for this property is set at $93 per square foot and is subject to a Single Net Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $93/ft
- Address: 3626 Broadway
- Market: Hamilton Heights
- Square Footage: 550
- Lease Type: Single Net Lease
- Landlord: Kevin Shahery - Monarch Realty Group
- Tenant: Wandererhub.com
- Brokers: Dane Harlowe & Daniel Rachline - Meridian Capital Group
Kevin Shahery of Monarch Realty Group represents the landlord in this transaction, while the tenant, Wandererhub.com, is engaged in leasing the retail space. The deal was facilitated by brokers Dane Harlowe and Daniel Rachline from Meridian Capital Group, who played pivotal roles in the negotiations.
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
170569.89%
Cash-on-Cash
-48749.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93