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286 Broome Street

Colmado Coffee Signs Retail Lease At 286 Broome Street In Lower East Site, Manhattan
LEASEDRetail

Colmado Coffee Signs Retail Lease At 286 Broome Street In Lower East Site, Manhattan

286 Broome Street

$110

$110/SF

Building Size

1,200 SF

Asset Type

Retail

Closing

Jan 3, 2024

AI

The retail lease at 286 Broome Street in the Lower East Side of Manhattan has been finalized. The property, spanning approximately 1,200 square feet, has been leased by Colmado Coffee. The lease was facilitated by John Roesch and Garrett Kelly from Meridian Capital Group, representing the landlord, 286 Broome JC Realty, headed by Jeremy Conway. The tenant, Colmado Coffee, was represented by Tanner Zar from Titan Group New York.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not available
  • Address: 286 Broome Street, Lower East Side, Manhattan
  • Market: Lower East Side, Manhattan
  • Asking Rent: $110 per square foot
  • Square Footage: 1,200

The deal was finalized on January 3, 2024, for a retail lease at 286 Broome Street. The tenant, Colmado Coffee, has secured the space for their operations. John Roesch and Garrett Kelly from Meridian Capital Group represented the landlord, Jeremy Conway's 286 Broome JC Realty, in the lease negotiations. On the other side, Tanner Zar from Titan Group New York represented Colmado Coffee throughout the transaction.

Players

John Roesch

Meridian Capital Group

Broker

97 deals

Broker

Jeremy Conway

Arden Group

Landlord

$9M

vol

4 deals

Landlord

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

144209.09%

Cash-on-Cash

-41215.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93