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330 West Broadway, Manhatta...

Gourmet Market Leases Retail Space In SoHo From Kano Real Estate - Noam Shemel
LEASEDRetail

Gourmet Market Leases Retail Space In SoHo From Kano Real Estate - Noam Shemel

330 West Broadway, Manhattan, New York, NY, USA

Building Size

880 SF

Asset Type

Retail

Closing

Nov 24, 2020

AI

A retail space located at 330 West Broadway in SoHo has been leased. The property, totaling 880 square feet, was leased by Gourmet Market. The landlord, Kano Real Estate represented by Noam Shemel, facilitated the transaction. The lease was negotiated by Ori Melloul and David Green from Kassin Sabbagh Realty. The asking rent for the space was $225 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not mentioned
  • Address: 330 West Broadway
  • Market: SoHo
  • Tenant: Gourmet Market
  • Landlord: Kano Real Estate - Noam Shemel
  • Brokers: Ori Melloul & David Green
  • Asking Rent: $225/ft.

The retail lease deal at 330 West Broadway in SoHo was successfully closed with Gourmet Market as the tenant. The negotiations were facilitated by Kano Real Estate, represented by Noam Shemel, and the lease was finalized by Ori Melloul and David Green from Kassin Sabbagh Realty.

Players

David Green

Kassin Sabbagh Realty

Broker

$447M

vol

176 deals

Broker
KE
KANO Real EstateLandlord
GM
Gourmet MarketTenant

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