Divine Link Signs Lease For Retail Space At 1212A Broadway In Nomad, Manhattan
1212a Broadway, New York City, New York 10001, United States
Building Size
1,400 SF
Asset Type
Retail
Closing
Feb 20, 2022
About this deal
AI
Carolina Aziz, Maddy Soffer, and Ike Bibi have successfully facilitated a lease transaction for a retail property located at 1212A Broadway in the Nomad market. The lease was signed on the 21st of February 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: N/A
- Address: 1212A Broadway
- Market: Nomad
The landlord for this property is Pinky Fanwi, and the tenant is Divine Link. The lease was negotiated by Carolina Aziz, Ike Bibi, and Maddy Soffer from KSR. The asking rent for the property was $250 per square foot, with a total area of 1,400 square feet.
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