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1165 Broadway

Aesop Signs Lease For Retail Space At 1165 Broadway In NoMad
LEASEDRetail

Aesop Signs Lease For Retail Space At 1165 Broadway In NoMad

1165 Broadway

$400

$400/SF

Building Size

1,100 SF

Asset Type

Retail

Closing

Nov 17, 2022

AI

The retail space located at 1165 Broadway in the NoMad market has been leased. The lease transaction was finalized on 11/17/2022. The property, measuring approximately 1,100 square feet, was leased to Aesop. The lease was facilitated by the landlord's representatives, Ike Bibi, Carolina Aziz, and David Green from KSR. Aesop was represented by Nick Cowan. The asking rent for the space was $400 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Date: 11/17/2022
  • Address: 1165 Broadway, NoMad
  • Landlord: David Haddad
  • Tenant: Aesop
  • Landlord's Representatives: Ike Bibi, Carolina Aziz, and David Green - KSR
  • Tenant's Representative: Nick Cowan
  • Asking Rent: $400 per square foot
  • Square Footage: 1,100

The deal was successfully negotiated, allowing Aesop to secure the retail space at 1165 Broadway in NoMad. This transaction marks a significant step for both the landlord, David Haddad, and the tenant, Aesop, as they continue to expand their presence in the retail market. With the assistance of Ike Bibi, Carolina Aziz, David Green from KSR, and Nick Cowan, the leasing process was efficiently executed.

Players

Ike Bibi

Kassin Sabbagh Realty

Broker

$274.3M

vol

125 deals

Broker

David Haddad

Landlord

$56M

vol

5 deals

Landlord
A
AesopTenant

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

39657.50%

Cash-on-Cash

-11334.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93