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1412 Broadway, New York, NY...

Updated Oct 29, 2024

Za Nail & Spa Leases Retail Space At 1412 Broadway In Midtown
LEASEDRetail

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

Ike Bibi

Kassin Sabbagh Realty

Broker

$274.3M

vol

126 deals

Broker
AG
Aini GroupLandlord

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

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