Plantia Signs Lease For Retail Space At 1693B Broadway In Midtown West, Times Square
1693b Broadway, New York City, New York 10019, United States
Building Size
1,500 SF
Asset Type
Retail
Closing
Jul 4, 2022
AI
The retail property located at 1693B Broadway in Midtown West, Times Square has been leased to Plantia. The lease was brokered by Ariel Baradarian of KSR. The property spans 1,500 square feet and the asking rent was set at $360 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Lease
- Address: 1693B Broadway
- Market: Midtown West, Times Square
- Landlord: Sammy Bar-Or
- Tenant: Plantia
- Broker: Ariel Baradarian - KSR
- Asking Rent: $360/ft.
- Square Footage: 1,500
Ariel Baradarian from KSR represented the landlord, Sammy Bar-Or, in the lease deal with Plantia. This lease transaction for the retail property on Broadway marks an important milestone for both parties involved.
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