Standard Dose Leases Retail Condo In NoMad At 1145 Broadway
1145 Broadway, New York, NY 10001, USA
Building Size
2,600 SF
Asset Type
—
Closing
Feb 3, 2019
AI
Aaron Aziz of Habendum Real Estate and Steven Politis of Pan Brothers Associates represented both parties in a recent lease transaction for a retail condo located at 1145 Broadway in NoMad. The tenant, Standard Dose, leased the ground floor and selling basement, as well as the second-floor office space. The property spans 2,600 square feet and was leased at a rate of $215 per square foot.
Summary of transaction details
- Property Type: Retail Condo
- Transaction Date: 02/04/2019
- Address: 1145 Broadway
- Market: NoMad
- Tenant: Standard Dose
- Landlord: Pan Brothers Assoc.
- Price per Square Foot: $215
- Total Square Footage: 2,600
Aaron Aziz of Habendum Real Estate and Steven Politis of Pan Brothers Associates brokered the deal, representing the tenant and landlord respectively.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93