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3780 Broadway

Alan Jemal Leases Retail Space To Wonder At 3780 Broadway In Washington Heights
LEASEDRetail

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

Solomon Sharaby

Kassin Sabbagh Realty

Broker

$3M

vol

100 deals

Broker
W
WonderTenant

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