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1369 Broadway, New York, NY...

City Souvenirs On Broadway Leases Retail Space At 1369 Broadway In Herald Square, NYC
LEASEDRetail

City Souvenirs On Broadway Leases Retail Space At 1369 Broadway In Herald Square, NYC

1369 Broadway, New York, NY, USA

Building Size

630 SF

Asset Type

Retail

Closing

Jun 14, 2021

AI

The retail property located at 1369 Broadway in Herald Square has recently been leased. The lease transaction took place on June 15, 2021.

Summary of transaction details

  • Property Type: Retail
  • Asking Rent: $475/ft.
  • Square Footage: 630
  • Address: 1369 Broadway
  • Market: Herald Square

The tenant for this leased property is City Souvenirs On Broadway 🗽, while the landlord is Josh Goldberg. The lease deal was facilitated by brokers Jeff Geoghegan and Jordan Raphan from Kassin Sabbagh Realty.

Players

Jeff Geoghegan

Kassin Sabbagh Realty

Broker

27 deals

Broker

Josh Goldberg

Landlord

$6.6M

vol

6 deals

Landlord

Hewlett 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