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30 Broad Street, New York C...

CompletePlayground Signs 15-Year Lease At 30 Broad St In FiDi With Landlord Tribeca Associates
LEASEDRetail

CompletePlayground Signs 15-Year Lease At 30 Broad St In FiDi With Landlord Tribeca Associates

30 Broad Street, New York City, New York 10004, United States

$60

$60/SF

Building Size

40,000 SF

Asset Type

Retail

Closing

Jan 8, 2023

AI

The property involved in this transaction is a retail space located at 30 Broad St in the FiDi market. The lease was finalized on 01/08/2023, with a 15-year lease term. The landlord of the property is Tribeca Associates and the tenant is CompletePlayground. The leasing transaction was facilitated by brokers David Tricarico and Jake Horowitz from Colliers. The asking rent for the space was set at $60 per square foot, with a total area of 40,000 square feet.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not applicable
  • Address: 30 Broad St
  • Market: FiDi
  • Landlord: Tribeca Associates
  • Tenant: CompletePlayground
  • Brokers: David Tricarico & Jake Horowitz - Colliers
  • Asking Rent: $60/ft.
  • Square Footage: 40,000
  • Lease Terms: 15 year lease

The involvement of David Tricarico and Jake Horowitz from Colliers as brokers highlights their role in representing both parties in this leasing deal. They ensured the successful negotiation of the 15-year lease agreement between Tribeca Associates, the landlord, and CompletePlayground, the tenant.

Players

David Tricarico

Colliers

Broker

2 deals

Broker
TA
Tribeca AssociatesLandlord

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

264383.33%

Cash-on-Cash

-75561.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93