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
About this deal
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.
On the Map
$45
$45/SF
Retail
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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
352511.11%
Cash-on-Cash
-100748.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93