Razi Pharmacy Leases Retail Space At 3820 Broadway In New York City
3820 Broadway
$54
$54/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Jan 24, 2023
About this deal
AI
The retail property located at 3820 Broadway in New York City has recently been leased. The transaction was finalized on January 24, 2023, and the tenant occupying the space is Razi Pharmacy. The property, spanning approximately 1,000 square feet, was leased by Fernando Alfonso, who represents 3820 Broadway LLC, the landlord. Murray Mizrachi of Augenbaum Realty served as the broker for this deal.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not available
- Address: 3820 Broadway, New York City
- Tenant: Razi Pharmacy
- Landlord: Fernando Alfonso - 3820 Broadway LLC
- Broker: Murray Mizrachi - Augenbaum Realty
The involvement of Murray Mizrachi from Augenbaum Realty as the broker indicates the role played by a representative of the tenant in the lease negotiation.
Players
New York City 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
293759.26%
Cash-on-Cash
-83957.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93