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356 Broadway

Sara Blazej Art Gallery Leases Retail Space At 356 Broadway In Tribeca For $56/ft
LEASEDRetail

Sara Blazej Art Gallery Leases Retail Space At 356 Broadway In Tribeca For $56/ft

356 Broadway

$45

$45/SF

Building Size

600 SF

Asset Type

Retail

Closing

May 11, 2025

AI

The property asset involved in this transaction is a retail space located at 356 Broadway in the Tribeca market. The lease is defined as a modified gross lease with an asking rent of $56 per square foot for a total of 1,000 square feet.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $56/ft
  • Address: 356 Broadway
  • Market: Tribeca
  • Lease Type: Modified Gross Lease
  • Landlord: Hugo Koifman
  • Tenant: Sara Blazej Art Gallery
  • Landlord's Representative: Noam Aziz & Carson Shahrabani - Meridian Capital Group
  • Tenant's Representative: Jessica Blocker - Meridian Capital Group

This lease agreement was facilitated by the representatives from Meridian Capital Group, Noam Aziz and Carson Shahrabani representing the landlord, and Jessica Blocker representing the tenant. These professionals played a crucial role in negotiating the terms of the lease to achieve a successful transaction.

Players

Noam Aziz

Meridian Capital Group

Broker

$900K

vol

231 deals

Broker

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

352511.11%

Cash-on-Cash

-100748.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93