Taco Bell Leases Retail Space On Broadway In Washington Heights With Brokers Jordan Raphan & Albert Manopla
3924 Broadway, Manhattan, New York, NY, USA
Building Size
2,500 SF
Asset Type
Retail
Closing
Apr 14, 2021
About this deal
AI
A retail property located at 3924 Broadway in Washington Heights has been leased. The transaction took place on April 15, 2021. The asset spans a total of 2,500 square feet. The asking rent for the space was $130 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Date: April 15, 2021
- Address: 3924 Broadway
- Market: Washington Heights
- Asking Rent: $130 per square foot
The tenant for this retail space is Taco Bell, a well-known fast food chain specializing in Mexican cuisine. The landlord in this transaction is Behrooz Hedvat. The deal was facilitated by brokers Jordan Raphan and Albert Manopla from Kassin Sabbagh Realty.
On the Map
Retail
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Players
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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