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1691 Broadway, New York, NY...

Hen Penny Chicken Leases 1250 Square Feet At 1691 Broadway New York From Broadway Sky LLC
LEASEDRetail

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

Michael Kadosh

CBRE

Broker

5 deals

Broker

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