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1693b Broadway, New York Ci...

Plantia Signs Lease For Retail Space At 1693B Broadway In Midtown West, Times Square
LEASEDRetail

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

Ariel Baradarian

Oxford Property Group

Broker

7 deals

Broker
Kassin Sabbagh Realty
Kassin Sabbagh RealtyBrokerage

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