Za Nail & Spa Leases Retail Space At 1412 Broadway In Midtown
1412 Broadway, New York, NY 10018
Building Size
1,050 SF
Asset Type
Retail
Closing
Mar 14, 2021
About this deal
AI
Located at 1412 Broadway in the Midtown market, this retail property has recently been leased. The lease was finalized on 03/15/2021 between the tenant, Za Nail & Spa, and the landlord, AB and Sons & Aini Group. The leasing transaction was facilitated by brokers Ike Bibi, Carolina Aziz, and Yumi Chou from Kassin Sabbagh Realty.
Summary of transaction details:
- Property Type: Retail
- Asking Rent: $160 per square foot
- Square Footage: 1,050
- Address: 1412 Broadway
- Market: Midtown
The lease agreement for this retail space at 1412 Broadway marks another successful transaction in Midtown. Ike Bibi, Carolina Aziz, and Yumi Chou from Kassin Sabbagh Realty played a crucial role in facilitating the lease deal between Za Nail & Spa as the tenant and AB and Sons & Aini Group as the landlord. With an asking rent of $160 per square foot and a total area of 1,050 square feet, this lease offers a valuable commercial opportunity in the Midtown market.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93