PT Of The City Leases Retail Space In Inwood,NY For $65/ft
4875 Broadway, New York City, New York 10034, United States
$65
$65/SF
Building Size
1,600 SF
Asset Type
Retail
Closing
Sep 21, 2022
AI
The retail property located at 4875 Broadway in Inwood has been leased. The lease transaction was completed on 09/21/2022. The property spans an area of 1,600 square feet. The asking rent for the space was $65 per square foot.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 4875 Broadway
- Market: Inwood
The landlord for the property is The Parkoff Organization and the tenant is PT OF THE CITY. The lease deal was facilitated by Samuel Hartstein of Gemstone Realty Group LLC.
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
244046.15%
Cash-on-Cash
-69749.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93