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
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