Dunkin Leases 1,200 SF Retail Space At 176 Broadway In Financial District
176 Broadway, New York City, New York 10038, United States
Building Size
3,128 SF
Asset Type
Retail
Closing
May 4, 2022
AI
The retail space located at 176 Broadway in the Financial District has been leased. The property, measuring 1,200 square feet, was leased by Dunkin. The landlord, Gold Street Properties, agreed to a deal with a leasing rate of $180 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Date: 05/05/2022
- Address: 176 Broadway
- Market: Financial District
Ben Biberaj and Elliot Wygoda from Meridian Retail Leasing represented both parties in the lease transaction.
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