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1262 Broadway

Carnegie Diner & Cafe Leases Restaurant Space At Martinique New York Hotel In Midtown West
LEASEDHotel

Carnegie Diner & Cafe Leases Restaurant Space At Martinique New York Hotel In Midtown West

1262 Broadway

Building Size

10,000 SF

Asset Type

Hotel

Closing

May 31, 2026

AI

The property involved in this transaction is a hotel asset located at 1262 Broadway in Midtown West, comprising 10,000 square feet. This space is designated as a bi-level restaurant and coffee bar within the Martinique New York on Broadway hotel. The lease is categorized as a Modified Gross Lease.

Summary of transaction details:

The deal was facilitated by the representation of Danny Volk, Kayla Terzi, and Marc Johnson from Vantage Real Estate Advisors, who acted on behalf of both the landlord and tenant. This collaboration highlights the strategic partnership between the involved parties to secure this restaurant space within the hotel property.

Players

Danny Volk

Vantage Real Estate Advisors

Broker

$9.2M

vol

17 deals

Broker
BE
Burnett EquityLandlord

New York Hotel Market Snapshot

Boundary boundary · Hotel · 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