The Granola Bar Leases Retail Space At 551 Amsterdam Avenue, Upper West Side
551 Amsterdam Avenue
$250
$250/SF
Building Size
5,000 SF
Asset Type
Retail
Closing
Jan 10, 2024
AI
The retail property located at 551 Amsterdam Avenue in the Upper West Side has been leased. The transaction was facilitated by Rudd Realty, the landlord, and The Granola Bar, the tenant. The lease was brokered by Brandon Singer and Alex Turboff of Retail By Mona. The retail lease has a long-term duration.
Summary of transation details
- Property Type: Retail
- Asking Rent: $250/ft
- Square Footage: 5,000
- Date: 01/10/2024
- Address: 551 Amsterdam Avenue
- Market: Upper West Side
Brandon Singer and Alex Turboff of Retail By Mona played the role of brokers in this deal, representing the parties involved. The lease term for the retail property was negotiated for a long-term period.
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
63452.00%
Cash-on-Cash
-18134.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93