Plnt Burger Leases Retail Space At 1147 Broadway In Nomad
1147 Broadway, New York City, New York 10001, United States
Building Size
1,700 SF
Asset Type
Retail
Closing
Jan 31, 2022
AI
The retail space located at 1147 Broadway in the Nomad market has been leased. The property, with a size of 1,700 square feet, was leased by Plnt Burger. The lease transaction was facilitated by Michael Cohen from Newmark, who represented the tenant. The landlord, Astro Capital Group, was represented by Carolina Aziz and Ike Bibi from KSR. The asking rent for the space was $300 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Date: 02/01/2022
- Address: 1147 Broadway
- Market: Nomad
- Tenant: Plnt Burger
- Tenant's Representative: Michael Cohen - Newmark
- Landlord: Astro Capital Group - David Israel & Jack Israel
- Landlord's Representatives: Carolina Aziz & Ike Bibi - KSR
Carolina Aziz and Ike Bibi from KSR represented Astro Capital Group in the lease transaction. The deal was finalized with Plnt Burger, a tenant that secured the retail space. Michael Cohen from Newmark served as the tenant's representative during the negotiation process.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93