Crisp & Green Leases Retail Space At 1145 Broadway In NoMad
1145 Broadway, New York City, New York 10001, United States
Building Size
1,600 SF
Asset Type
Retail
Closing
Sep 25, 2022
AI
1145 Broadway, located in the NoMad market, has recently been leased for retail use. The transaction took place on 09/26/2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
The landlord of 1145 Broadway is PanBrothers, represented by Steven Politis. The tenant is Crisp & Green.
The lease deal was facilitated by several brokers. Ike Bibi, Carolina Aziz, and David Green represented the landlord through KSR, while Mai Shachi and Jeremy Ezra represented the tenant through Newmark.
The asking rent for the retail space at 1145 Broadway was $325 per square foot. The lease encompasses an area of 2,900 square feet.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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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