LEASEDRetail
ONGI Signs Ground Lease At 1372 Broadway In Midtown West With Landlord Ross Store
1372 Broadway
$113
$113/SF
Building Size
2,128 SF
Asset Type
Retail
Closing
Nov 1, 2023
AI
The retail property located at 1372 Broadway in Midtown West has been leased. The asset spans a total of 2,128 square feet and was leased as a ground lease. The tenant, ONGI, will occupy the space.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: N/A
- Address: 1372 Broadway
- Square Footage: 2,128
- Market: Midtown West
- Lease Type: Ground Lease
Jesse Wolff from JLL represented the landlord, Ross Store, in this lease transaction. The tenant, ONGI, was represented by Marc Sitt from KSR.
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
140380.53%
Cash-on-Cash
-40121.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93