Ganni Leases Retail Space In Tribeca At 381 Broadway With Brooks Hauf - Avison Young
381 Broadway, New York City, New York 10013, United States
Building Size
5,750 SF
Asset Type
Retail
Closing
Nov 1, 2022
About this deal
AI
The retail property located at 381 Broadway in Tribeca has recently been leased. The lease was facilitated by Brooks Hauf from Avison Young on behalf of the tenant, Ganni. The lease terms are set for a period of five years and five months.
Summary of transaction details:
- Property Type: Retail
- Address: 381 Broadway
- Market: Tribeca
- Tenant: Ganni
- Broker: Brooks Hauf - Avison Young
- Asking Rent: $68 per square foot
- Size: 5,750 square feet
The deal was negotiated by Brooks Hauf from Avison Young, who represented Ganni in securing the lease for the retail space. The terms of the lease agreement, which spans over five years and five months, were successfully finalized.
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