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2857 Broadway

Jack Weprin Leases Retail Space To Molly Tea At 2857 Broadway With Tenant's Representatives
LEASEDRetail

Jack Weprin Leases Retail Space To Molly Tea At 2857 Broadway With Tenant's Representatives

2857 Broadway

$275

$275/SF

Building Size

795 SF

Asset Type

Retail

Closing

Jan 27, 2026

AI

The retail asset involved in this transaction is located at 2857 Broadway in Manhattan. The asking rent was set at $275 per square foot, with a total area of 795 square feet. The lease type is classified as a NNN Lease.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $275/ft
  • Lease Type: NNN Lease
  • Address: 2857 Broadway
  • Market: Manhattan
  • Landlord: Jack Weprin
  • Tenant: Molly Tea
  • Landlord's Representative: Gregory Gang - Endurance Real Estate Group LLC
  • Tenant's Representatives: Mathiew Wilson, Sunanne Zhu & Shiyun Shang - Alignment Realty

This transaction involved key players including Jack Weprin, who acted as the landlord, and Molly Tea, representing the tenant. The lease was facilitated by Gregory Gang from Endurance Real Estate Group LLC, who represented the landlord, while the tenant was represented by Mathiew Wilson, Sunanne Zhu, and Shiyun Shang from Alignment Realty.

Players

Gregory Gang

Endurance Real Estate Group LLC

Broker

$6.2M

vol

6 deals

Broker

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

57683.64%

Cash-on-Cash

-16486.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93