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
About this deal
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.
On the Map
$400
$400/SF
Retail
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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
39657.50%
Cash-on-Cash
-11334.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93