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1370 Broadway

Sora Signs Retail Lease With Sentry Realty At 1370 Broadway For $250 Per Square Foot
LEASEDRetail

Sora Signs Retail Lease With Sentry Realty At 1370 Broadway For $250 Per Square Foot

1370 Broadway

$250

$250/SF

Building Size

20,496 SF

Asset Type

Retail

Closing

Jan 4, 2026

AI

The property asset involved in this transaction is a retail lease located at 1370 Broadway in the Midtown market. The asking rent for the ground floor is set at $250 per square foot for a total area of 7,774 square feet, while the lower level is priced at $30 per square foot for an area of 12,722 square feet.

Summary of transaction details:

  • Property Type: Retail Lease
  • Transaction Amount: $250/ft for Ground Floor & $30/ft for Lower Level
  • Address: 1370 Broadway
  • Market: Midtown
  • Landlord: Sentry Realty
  • Tenant: Sora
  • Brokers: Freddy Souid, Jack Hamadani & Ike Bibi - KSR
  • Square Footage: 20,496

Freddy Souid, Jack Hamadani, and Ike Bibi from KSR represent the parties in this leasing transaction. Sentry Realty acts as the landlord, while Sora has secured tenancy in the retail space outlined in this deal.

Players

Ike Bibi

Kassin Sabbagh Realty

Broker

$274.3M

vol

125 deals

Broker

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

63452.00%

Cash-on-Cash

-18134.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93