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963 Broadway

Rio Drugs Signs 10-Year Lease For Retail Space In Bushwick
LEASEDRetail

Rio Drugs Signs 10-Year Lease For Retail Space In Bushwick

963 Broadway

$50

$50/SF

Building Size

1,300 SF

Asset Type

Retail

Closing

Mar 30, 2023

AI

The retail property located at 963 Broadway in Bushwick was recently leased. The property spans 1,300 square feet and was leased for a term of 10 years.

Summary of transaction details

  • Property Type: Retail
  • Address: 963 Broadway, Bushwick

Gil Shenhav is the landlord of the property, while RIO Drugs is the tenant that leased the space. The lease was facilitated by brokers Josh Augenbaum and Murray Mizrachi from Augenbaum Realty.

The asking rent for the property was $50 per square foot. No additional details were provided regarding the terms of the lease or any notable features of the property.

Players

Josh Augenbaum

Augenbaum Realty

Broker

$655M

vol

146 deals

Broker

Gil Shenhav

Landlord

$1.2M

vol

3 deals

Landlord

Market 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

317260.00%

Cash-on-Cash

-90673.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93