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
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