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529 Broome Street

Updated Dec 4, 2024

Grocery Garden Leases Mixed-Use Space In Soho Manhattan From Gatsby Enterprises
LEASEDMixed-use

Grocery Garden Leases Mixed-Use Space In Soho Manhattan From Gatsby Enterprises

529 Broome Street

$130

$130/SF

Building Size

2,400 SF

Asset Type

Mixed-use

Closing

Nov 30, 2023

About this deal

AI

Grocery Garden has signed a lease for a mixed-use property located at 529 Broome Street in Soho, Manhattan. The property, owned by Gatsby Enterprises, offers a total square footage of 2,400. The lease was facilitated by brokers Aaron Aziz and Joseph Gohari from Avenue Realty Advisors. The asking rent for the space was $130 per square foot.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: Not mentioned
  • Address: 529 Broome Street
  • Market: Soho, Manhattan
  • Tenant: Grocery Garden
  • Landlord: Gatsby Enterprises
  • Brokers: Aaron Aziz & Joseph Gohari - Avenue Realty Advisors
  • Asking Rent: $130/ft
  • Lease Type: Modified Gross Lease

Aaron Aziz and Joseph Gohari from Avenue Realty Advisors played crucial roles in the lease transaction between Grocery Garden and Gatsby Enterprises. Their expertise and negotiation skills facilitated the agreement for the mixed-use property at 529 Broome Street in Soho, Manhattan. This lease will allow Grocery Garden to establish its presence in a prime location within the vibrant neighborhood of Soho.

Players

Aaron Aziz

ARA

Broker

47 deals

Broker
Gatsby Enterprises
Gatsby EnterprisesLandlord

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Lease transactions

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Deal FAQ

About $130 per square foot on a published $130 for 2,400 square feet (2023).

Visit Aaron Aziz to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

122023.08%

Cash-on-Cash

-34874.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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