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940 Columbus Avenue

Pizza Hut Leases Retail Space At 940 Columbus Avenue On Upper West Side
LEASEDRetail

Pizza Hut Leases Retail Space At 940 Columbus Avenue On Upper West Side

940 Columbus Avenue

$124

$124/SF

Building Size

1,010 SF

Asset Type

Retail

Closing

Oct 5, 2022

AI

Pizza Hut has secured a lease for a retail space located at 940 Columbus Avenue in the Upper West Side market. The property spans 1,010 square feet and was leased from the landlord, Walter & Samuels. The asking rent for the space was $124 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Lease
  • Address: 940 Columbus Avenue
  • Market: Upper West Side
  • Tenant: Pizza Hut
  • Landlord: Walter & Samuels
  • Asking Rent: $124/ft.
  • Square Footage: 1,010

The lease deal was facilitated by Bruce Herman from Booth Capital and Hal Shapiro and Jeff Winick from Winick Realty. They represented the tenant, Pizza Hut, in securing the lease agreement with the landlord, Walter & Samuels.

Players

Bruce Herman

Booth Street

Broker

$41.1M

vol

22 deals

Broker
S
SamuelsLandlord

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

127927.42%

Cash-on-Cash

-36562.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93