LEASEDRetail
Dov Charney Of Los Angeles Apparel Leases 24,687 Sq Ft Retail Space In SoHo From Greg Kraut
280 Broadway
Building Size
24,687 SF
Asset Type
Retail
Closing
May 12, 2025
AI
The property asset involved in this transaction is a retail space located at 280 Broadway in SoHo, encompassing a total area of 24,687 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 280 Broadway
- Market: SoHo
- Landlord: Greg Kraut - KPG Funds
- Tenant: Dov Charney - Los Angeles Apparel
Los Angeles Apparel has signed a lease for the space, marking its first NYC location and second overall after its factory store in Los Angeles.
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