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
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