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
About this deal
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