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
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