Alan Jemal Leases Retail Space To Wonder At 3780 Broadway In Washington Heights
3780 Broadway
$150
$150/SF
Building Size
3,000 SF
Asset Type
Retail
Closing
Apr 14, 2025
AI
The asset involved in the lease transaction is a retail space located at 3780 Broadway in the Washington Heights market. The asking rent for this property is $150 per square foot, covering a total area of 3,000 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $150/ft
- Address: 3780 Broadway
- Market: Washington Heights
- Landlord: Alan Jemal
- Tenant: Wonder
- Lease Type: Retail Lease
- Landlord's Representative: Solomon Sharaby & Nathan Aballi - KSR
- Tenant's Representative: John Paul Pirraglia & Dillon Ross - Ripco
This leasing transaction involved key representatives, with Solomon Sharaby and Nathan Aballi representing the landlord, Alan Jemal, while John Paul Pirraglia and Dillon Ross represented the tenant, Wonder. Their roles were crucial in facilitating the lease agreement between the involved parties.
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
105753.33%
Cash-on-Cash
-30224.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93