Action Black Signs Retail Lease At 80 Broad Street In Financial District
80 Broad Street
$70
$70/SF
Building Size
9,368 SF
Asset Type
Office
Closing
May 23, 2024
AI
Located at 80 Broad Street in the Financial District, the retail property involved in this lease transaction offers 9,368 square feet of space. The landlord, Ray Chalme of Broad Street Development, leased the property to the tenant, Action Black, at an asking rent of $70 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Landlord: Ray Chalme - Broad Street Development
- Tenant: Action Black
- Landlord's Rep: Carolina Aziz, Ike Bibi & Brandon Berger - KSR
- Tenant's Rep: John Taylor - Keller Williams
- Address: 80 Broad Street
- Market: Financial District
- Lease Type: Retail Lease
The deal's key individuals included Carolina Aziz, Ike Bibi, and Brandon Berger from KSR, representing the landlord, Ray Chalme. On the tenant's side, John Taylor from Keller Williamsacted as the tenant's representative in this retail lease transaction.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
226614.29%
Cash-on-Cash
-64767.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93