Miniso Leases Retail Space At 150 Broadway From Joseph Hamway & Jacob Jerome
150 Broadway
Building Size
5,000 SF
Asset Type
Retail
Closing
Jun 2, 2024
About this deal
AI
Miniso leases a 5,000 square-foot retail space at 150 Broadway in the Financial District, previously occupied by Sephora. The space is owned by Joseph Hamway & Jacob Jerome of JEMB Realty.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 150 Broadway
- Market: Financial District
- Landlord: Joseph Hamway & Jacob Jerome - JEMB Realty
- Tenant: Miniso
- Brokers: Joanne Podell & Michael Shalom - Cushman & Wakefield
- Asking Rent: $400 per square foot
The retail landscape in the Financial District experiences a positive addition with Miniso's presence, enhancing the area's commercial offerings. The deal was facilitated by brokers Joanne Podell and Michael Shalom from Cushman & Wakefield.
On the Map
Retail
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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
39657.50%
Cash-on-Cash
-11334.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93