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80 Broad Street

Action Black Signs Retail Lease At 80 Broad Street In Financial District
LEASEDOffice

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

Ike Bibi

Kassin Sabbagh Realty

Broker

$274.3M

vol

125 deals

Broker

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

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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