Franklin Becker, Stephen Loffredo, Tora Matsuoka, Bobby Kwok, And Joe Ko Lease Retail Space At 1260 Broadway, Midtown West
LEASED
+ 1
New York
See Similar DealsRetail32,000 SF
Leased 11/16/2021
LEASED
Franklin Becker, Stephen Loffredo, Tora Matsuoka, Bobby Kwok, And Joe Ko Lease Retail Space At 1260 Broadway, Midtown West
1260 Broadway, New York City, New York 10001, United States
See Similar DealsRetail32,000 SF
Leased 11/16/2021
+ 1
Summary
NEW YORK
Asset Type:Retail
Total Square Footage:32,000 SF
Transaction Type:Lease
The retail property at 1260 Broadway in Midtown West has been leased. The lease transaction was completed on November 16, 2021.
Summary of transaction details:
- Property Type: Retail
- Address: 1260 Broadway
- Market: Midtown West
The landlord of the property is Burnett Equity, represented by Mark Beffort and Blair Humphreys. The tenant for the lease includes Franklin Becker, Stephen Loffredo, Tora Matsuoka, Bobby Kwok, Joe Ko, and Space Group. The lease deal was facilitated by Danny Volk from Vantage Real Estate Advisors and Andy Kim from Nest Seekers.
The asking rent for the property was $250 per square foot. The total square footage of the retail space is 32,000 square feet.
According to a note from @VantageRealEstateAdvisors, there are six food and beverage outlets leased to three separate operating groups in the property.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$1,834,220.69
Total Lease Value
$18,342,206.90
Net Landlord Cash Flow$1,834,220.69
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