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1165 Broadway

Top Drawer Signs Lease For Retail Space At 1165 Broadway In NoMad
LEASEDRetail

Top Drawer Signs Lease For Retail Space At 1165 Broadway In NoMad

1165 Broadway

$300

$300/SF

Building Size

1,100 SF

Asset Type

Retail

Closing

May 1, 2023

AI

The retail property located at 1165 Broadway in the NoMad neighborhood has been leased. The tenant, Top Drawer, has signed a lease agreement with the landlord, David Haddad. The lease deal was facilitated by the tenant's representatives, Rebecca Olshan and Robin Abrams, and the landlord's representatives, Carolina Aziz, Ike Bibi, and David Green of KSR. The property offers approximately 1,100 square feet of space.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Asking Rent: $300/ft
  • Square Footage: 1,100
  • Address: 1165 Broadway
  • Market: NoMad

Carolina Aziz, Ike Bibi, David Green, Rebecca Olshan, and Robin Abrams were instrumental in finalizing the lease deal. This transaction demonstrates the successful collaboration between the tenant, Top Drawer, and the landlord, David Haddad, in securing a retail space in the vibrant NoMad market.

Players

Ike Bibi

Kassin Sabbagh Realty

Broker

$274.3M

vol

125 deals

Broker

David Haddad

Landlord

$56M

vol

5 deals

Landlord

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

52876.67%

Cash-on-Cash

-15112.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93