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
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