Times Square Market Leases Retail Space At 1693A Broadway In Times Square
1693a Broadway, New York City, New York 10019, United States
Building Size
1,100 SF
Asset Type
Retail
Closing
Mar 6, 2022
About this deal
AI
The retail property located at 1693A Broadway in Times Square was recently leased. The property, measuring 1,100 square feet, was leased by Times Square Market. The landlord in this transaction was Samuel Bar-Or. The asking rent for the space was $340 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 1693A Broadway
- Market: Times Square
Ariel Baradarian from KSR served as the broker in this deal, representing the tenant, Times Square Market. The lease was signed at the full asking rent. For more information about the property or available spaces, interested parties can contact Ariel at 646-596-1884 or [email protected]. Please note that there are currently two vented restaurant and retail spaces still available in the building.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93