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1145 Broadway

Retail Space Leased At 1145 Broadway In NoMad For $320/ft
LEASEDRetail

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

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

49571.88%

Cash-on-Cash

-14167.79%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93