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728 Amsterdam Ave, Manhatta...

JetsPizza Leases Retail Space On Upper West Side With Broker John Roesch - Meridian Retail Leasing
LEASEDRetail

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

John Roesch

Meridian Capital Group

Broker

97 deals

Broker
JP
Jets PizzaTenant

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