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1145 Broadway, New York Cit...

Crisp & Green Leases Retail Space At 1145 Broadway In NoMad
LEASEDRetail

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

Ike Bibi

Kassin Sabbagh Realty

Broker

$274.3M

vol

125 deals

Broker

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