Danny's Furniture Leases Retail Space At 3805 Broadway, Washington Heights
3805 Broadway
$90
$90/SF
Building Size
3,300 SF
Asset Type
Retail
Closing
Apr 1, 2024
About this deal
AI
The retail property located at 3805 Broadway in Washington Heights was leased to Danny'S Furniture. The landlord, Alan Jemal, facilitated the transaction with an asking rent of $90 per square foot for the 3,300 square feet space.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not Applicable
- Landlord: Alan Jemal
- Tenant: Danny'S Furniture
- Brokers: Solomon Sharaby, Nathan Aballi & Fred Jemal - KSR
- Address: 3805 Broadway
- Market: Washington Heights
Solomon Sharaby, Nathan Aballi, and Fred Jemal of KSR represented the parties involved in the retail lease deal, showcasing their expertise in facilitating such transactions within the Washington Heights market.
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
176255.56%
Cash-on-Cash
-50374.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93