PT Of The City Leases Retail Space At 4875 Broadway In Inwood, NYC
4875 Broadway, New York, NY 10034, USA
Building Size
1,600 SF
Asset Type
Retail
Closing
Nov 23, 2022
AI
The retail property located at 4875 Broadway in Inwood has been leased. The property, spanning 1,600 square feet, was leased by PT OF THE CITY. The lease was facilitated by broker Samuel Hartstein of Gemstone Realty Group LLC. The asking rent for the space was $65 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 4875 Broadway, Inwood
- Tenant: PT OF THE CITY
- Broker: Samuel Hartstein - Gemstone Realty Group LLC
- Asking Rent: $65/ft
- Square Footage: 1,600
The landlord for this retail lease is The Parkoff Organization. The deal was successfully negotiated by Samuel Hartstein of Gemstone Realty Group LLC, who represented PT OF THE CITY as their broker.
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