Hen Penny Chicken Leases 1250 Square Feet At 1691 Broadway New York From Broadway Sky LLC
1691 Broadway, New York, NY, 10019
Building Size
1,250 SF
Asset Type
Retail
Closing
Nov 20, 2023
AI
The property involved in this transaction is located at 1691 Broadway, New York, NY, 10019. The asset consists of 1,250 square feet and is situated in the New York market. The landlord is Broadway Sky LLC.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 1691 Broadway, New York, NY, 10019
- Square Feet: 1,250
- Landlord: Broadway Sky LLC
- Landlord's Representative: Jesse Wolff-JLL
- Tenant: Hen Penny Chicken, Parent company Thompson Hospitality
The deal included representation from Brandon L. Singer and Michael Cody of Cushman & Wakefield for the tenant's parent company, Thompson Hospitality. Additionally, Michael Kadosh and Jesse Wolf of CBRE represented the landlord, Broadway Sky LLC. The location is noted for its proximity to the iconic Ed Sullivan Theater, home to The Late Show with Stephen Colbert.
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