Retail Space Leased At 1145 Broadway In NoMad For $320/ft
1145 Broadway
$320
$320/SF
Building Size
1,400 SF
Asset Type
Retail
Closing
Sep 1, 2024
AI
The property involved in this transaction is located at 1145 Broadway, situated in the NoMad market. It is a retail asset with a lease type designated as a Retail Lease. The asking rent for this space is $320 per square foot, with the total square footage being 1,400.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $320/ft
- Square Footage: 1,400
- Address: 1145 Broadway
- Market: NoMad
- Tenant: Skinny Louie
- Landlord's Representative: Steven Politis
- Brokers: Carolina Aziz, Maddy Soffer, and Ike Bibi - KSR
In this transaction, the tenant Skinny Louie has secured a lease for the retail space. The involvement of brokers Carolina Aziz, Maddy Soffer, and Ike Bibi from KSR plays a crucial role in facilitating the deal. Additionally, any inquiries regarding new location opportunities can be directed to the brokers’ email addresses: [email protected], [email protected], and [email protected].
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
49571.88%
Cash-on-Cash
-14167.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93