Medrite Urgent Care Leases Retail Space At 176 Broadway In New York With Tenant's Rep Gary Trock & Zach Parisi - CBRE And Landlord's Rep Ben Biberaj & Elliot Wygoda - Meridian Retail Leasing
176 Broadway
$200
$200/SF
Building Size
3,128 SF
Asset Type
Retail
Closing
Sep 9, 2022
AI
Medrite Urgent Care has leased a retail space at 176 Broadway in New York. The property, with a total area of 3,128 square feet, was represented by Ben Biberaj and Elliot Wygoda from Meridian Retail Leasing. The tenant, Medrite Urgent Care, was represented by Gary Trock and Zach Parisi from CBRE. The lease transaction was completed on September 9, 2022. The asking rent for the space was $200 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 176 Broadway, New York
- Market: New York
- Tenant: Medrite Urgent Care
- Tenant's Representative: Gary Trock & Zach Parisi - CBRE
- Landlord's Representative: Ben Biberaj & Elliot Wygoda - Meridian Retail Leasing
- Asking Rent: $200/ft.
- Square Footage: 3,128
Medrite Urgent Care secured the lease for a retail space at 176 Broadway in New York. The deal involved notable individuals and companies, including Medrite Urgent Care as the tenant, represented by Gary Trock and Zach Parisi from CBRE. On the other hand, Ben Biberaj and Elliot Wygoda from Meridian Retail Leasing served as the landlord's representatives. The lease was finalized on September 9, 2022, with an asking rent of $200 per square foot.
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
79315.00%
Cash-on-Cash
-22668.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93