JetsPizza Leases Retail Space On Upper West Side With Broker John Roesch - Meridian Retail Leasing
728 Amsterdam Ave, Manhattan, New York, NY, USA
Building Size
1,200 SF
Asset Type
Retail
Closing
Nov 1, 2021
AI
Located on the Upper West Side, the retail property at 728 Amsterdam Ave. has recently been leased. The transaction was facilitated by John Roesch of Meridian Retail Leasing, who represented both the tenant and the landlord. The tenant, JetsPizza, will be occupying the space.
Summary of transation details
- Property Type: Retail
- Transaction Date: 11/01/2021
- Address: 728 Amsterdam Ave.
- Market: Upper West Side
- Tenant: JetsPizza
- Broker: John Roesch - Meridian Retail Leasing
- Asking Rent: $120/ft.
- Square Footage: 1,200
The lease transaction for this retail property marks an important step for JetsPizza as they expand their presence on the Upper West Side. The deal was successfully negotiated by John Roesch of Meridian Retail Leasing, who provided valuable guidance to both the tenant and the landlord throughout the process.
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