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1165 Broadway, New York Cit...

Ol’Days Coffee Leases Retail Space At 1165 Broadway In NoMad With Brokers Carolina Aziz, Ike Bibi & David Green - KSR
LEASEDRetail

Ol’Days Coffee Leases Retail Space At 1165 Broadway In NoMad With Brokers Carolina Aziz, Ike Bibi & David Green - KSR

1165 Broadway, New York City, New York 10001, United States

Building Size

1,100 SF

Asset Type

Retail

Closing

Mar 14, 2022

AI

The retail property located at 1165 Broadway in NoMad has been leased. The lease transaction was finalized on 03/15/2022. The property spans approximately 1,600 square feet and was listed with an asking rent of $275 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Date: 03/15/2022
  • Address: 1165 Broadway
  • Market: NoMad
  • Asking Rent: $275/ft.
  • Square Footage: 1,600

The landlord for this property is David Haddad, while Ol’Days Coffee is the tenant. The lease deal was facilitated by the brokers Carolina Aziz, Ike Bibi, and David Green from KSR.

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93