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1145 Broadway, New York, NY...

Standard Dose Leases Retail Condo In NoMad At 1145 Broadway
LEASED

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

Aaron Aziz

ARA

Broker

47 deals

Broker

New York CRE Market Snapshot

Boundary boundary · CRE · Lease transactions

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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