Liberty Bagels Signs 15-Year Lease At 650 Broadway In Noho With Landlord Navnit Kumar
650 Broadway
$130
$130/SF
Building Size
5,700 SF
Asset Type
Mixed-use
Closing
Feb 3, 2026
AI
This mixed-use property, located at 650 Broadway in the Noho market, involves a lease agreement with an asking rent of $130 per square foot for a total area of 5,700 square feet. The lease term is set for 15 years, and it operates under a Modified Gross Lease structure. The landlord for this transaction is Navnit Kumar.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: $130/ft
- Address: 650 Broadway
- Market: Noho
- Landlord: Navnit Kumar
- Tenant: Liberty Bagels
- Tenant's Representative: Jeremy Banilevi - Zelnik & Company
- Brokers: Marc Frankel, Jeffrey Roseman & Drew Weiss - Newmark
- Lease Term: 15 Years
- Lease Type: Modified Gross Lease
- Square Footage: 5,700
The individuals involved in this transaction include tenant's representative Jeremy Banilevi from Zelnik & Company, along with brokers Marc Frankel, Jeffrey Roseman, and Drew Weiss from Newmark. For more information regarding opportunities in NoHo, interested parties are encouraged to reach out directly to Jeremy Banilevi at [email protected].
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease transactions
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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