Pardon My French Leases 1,000 SF Retail Space At 373 Broome Street For $225/ft
373 Broome Street
$225
$225/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Apr 20, 2026
About this deal
AI
The retail asset located at 373 Broome Street in Little Italy encompasses a total area of 1,000 square feet and features a Single Net Lease structure with an asking rent of $225 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $225/ft
- Lease Type: Single Net Lease
- Landlord: Jeff & Joe Sutton - Wharton Properties/Gorjian Properties
- Tenant: Pardon My French
- Brokers: Noam Aziz & Max Freudenberger - Meridian Capital Group
The deal was facilitated by brokers Noam Aziz and Max Freudenberger, who represent Meridian Capital Group in this transaction, highlighting their role in connecting the landlord and tenant in this retail lease agreement.
On the Map
$225
$225/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
70502.22%
Cash-on-Cash
-20149.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93