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4875 Broadway, New York, NY...

Updated Oct 29, 2024

PT Of The City Leases Retail Space At 4875 Broadway In Inwood, NYC
LEASEDRetail

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

About this deal

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.

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Players

TO
The Parkoff OrganizationLandlord
PC
PT OF THE CITYTenant
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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

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