Hanwha Foundation Of Culture Leases Retail Space At 371 Broadway In TriBeCa
371 Broadway
$150
$150/SF
Building Size
3,000 SF
Asset Type
Retail
Closing
Nov 3, 2023
AI
Located in TriBeCa, the retail property at 371 Broadway has recently been leased. The property spans approximately 3,000 square feet and was leased to Hanwha Foundation Of Culture. Mordy & Sarah Lipkis served as the landlords for this transaction.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: N/A
- Address: 371 Broadway
- Market: TriBeCa
The landlord's representatives, Carolina Aziz, Maddy Soffer, and Ike Bibi from KSR, represented Mordy & Sarah Lipkis in this lease deal. Meanwhile, the tenant was represented by Rory Murphy and Thomas Hines from Transwestern.
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
105753.33%
Cash-on-Cash
-30224.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93