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1450 Broadway, New York Cit...

Tri Coffee Corp. Leases Retail Space At 1450 Broadway In Times Square With Brokers David Green, Ike Bibi, And David Sabbagh - KSR
LEASEDRetail

Tri Coffee Corp. Leases Retail Space At 1450 Broadway In Times Square With Brokers David Green, Ike Bibi, And David Sabbagh - KSR

1450 Broadway, New York City, New York 10018, United States

Building Size

1,100 SF

Asset Type

Retail

Closing

Mar 7, 2022

AI

The retail property at 1450 Broadway in Times Square has been leased by Tri Coffee Corp. The lease was facilitated by brokers David Green, Ike Bibi, and David Sabbagh of KSR. The property spans 1,100 square feet and the asking rent is $400 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Leased
  • Date: 03/08/2022
  • Address: 1450 Broadway
  • Market: Times Square
  • Landlord: Babak Zar
  • Tenant: Tri Coffee Corp.
  • Brokers: David Green, Ike Bibi, and David Sabbagh - KSR
  • Asking Rent: $400 per square foot
  • Square Footage: 1,100

The deal was successfully negotiated with the involvement of brokers David Green, Ike Bibi, and David Sabbagh of KSR, representing the tenant Tri Coffee Corp. The lease agreement was settled at an asking rent of $400 per square foot.

Players

David Sabbagh

Kassin Sabbagh Realty

Broker

62 deals

Broker
TC
Tri Coffee Corp.Tenant

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