Jumbo Supermarket & J.G Wine & Spirits Lease Retail Space In Washington Heights
3786 Broadway, Washington Heights, New York, NY, USA
Building Size
8,500 SF
Asset Type
Retail
Closing
Dec 31, 2020
About this deal
AI
The retail property located at 3786-3790 Broadway in Washington Heights has recently been leased. The transaction took place on January 1, 2021. The property spans a total of 8,500 square feet and was leased to Jumbo Supermarket and J.G Wine & Spirits.
Summary of transaction details:
- Property Type: Retail
- Transaction Date: 01/01/2021
- Address: 3786-3790 Broadway, Washington Heights
Acting as representatives for the deal were brokers Marc Sitt and Solomon Sharaby from Kassin Sabbagh Realty. The landlord for this lease is Jem Realty.
The asking rent for this property was $75 per square foot.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93