7th Street Burger Leases Retail Space At 1177 Broadway In NoMad
1177 Broadway New York, NY 10001, USA
$400
$400/SF
Building Size
1,100 SF
Asset Type
Retail
Closing
Aug 24, 2023
AI
The retail property located at 1177 Broadway in the NoMad market has been leased. The property spans an area of 1,100 square feet and was leased by the tenant, 7th Street Burger. The lease deal was facilitated by Carolina Aziz, David Green, Daniel Kestenbaum, and Ike Bibi of Kassin Sabbagh Realty acting as brokers.
Summary of transaction details
- Property Type: Retail
- Address: 1177 Broadway
- Market: NoMad
- Tenant: 7th Street Burger
- Brokers: Carolina Aziz, David Green, Daniel Kestenbaum, and Ike Bibi - Kassin Sabbagh Realty
The landlord of the property is Jack Terzi. The lease transaction for the retail space was completed with an asking rent of $400 per square foot.
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
39657.50%
Cash-on-Cash
-11334.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93