Diner24Broadway Signs Retail Lease At 1674 Broadway In Times Square Represented By ARA
1674 Broadway
Building Size
—
Asset Type
Hotel
Closing
Jun 19, 2026
About this deal
AI
The property asset involved in this transaction is a commercial lease situated at 1674 Broadway in Manhattan. This retail space encompasses 5,200 square feet and is under the ownership of Emmes. The location is positioned in the vibrant area of Times Square.
Summary of transaction details:
- Property Type: Retail Lease
- Transaction Amount: Not disclosed
- Landlord: Emmes
- Tenant: Diner24Broadway - Statis Morforgen
- Tenant's Representative: Abe Bichoupan & Aaron Aziz - ARA
- Market: Manhattan
- Asset Size: 5,200 SF
ARA represented the tenant, Diner24, in this retail leasing transaction. The establishment marked its second location in Times Square, adding to its original site in New York City. The note suggests that ARA is adept at facilitating both landlords and tenants in securing appropriate commercial spaces.
On the Map
Hotel
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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