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1514 Broadway, New York, NY...

Popeye's Leases 6165 Square Feet At 1514 Broadway In New York With Bow Tie Partners
LEASEDRetail

Popeye's Leases 6165 Square Feet At 1514 Broadway In New York With Bow Tie Partners

1514 Broadway, New York, NY, 10036

Building Size

6,165 SF

Asset Type

Retail

Closing

Jul 16, 2021

AI

The property involved in this transaction is located at 1514 Broadway, New York, NY, 10036, within the New York market. It has a total square footage of 6,165. The transaction type is a lease agreement between the tenant, Popeye's, and the landlord, Bow Tie Partners.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 1514 Broadway, New York, NY, 10036
  • Market: New York
  • Square Feet: 6165
  • Tenant: Popeye's
  • Landlord: Bow Tie Partners
  • Tenant's Representative: Louis Franco
  • Landlord's Representatives: C. Bradley Mendelson, David Green - Kassin Sabbagh Realty, David A. Green

Key individuals involved in this transaction include Louis Franco, representing the tenant, Popeye's, while the landlord, Bow Tie Partners, is represented by C. Bradley Mendelson, David Green from Kassin Sabbagh Realty, and David A. Green, ensuring the interests of the parties are effectively managed during the lease agreement process.

Players

David Green

Kassin Sabbagh Realty

Broker

$447M

vol

176 deals

Broker
BP
Bow Tie PartnersLandlord
P
Popeye'sTenant

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