Jonathan Adler Leases Retail Space At 382 West Broadway In Soho
382 West Broadway, Manhattan, New York, NY, USA
Building Size
8,000 SF
Asset Type
Retail
Closing
Sep 19, 2021
AI
The retail property located at 382 West Broadway in the Soho market has been leased. The tenant, Jonathan Adler, has secured a lease agreement for this property.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 382 West Broadway
- Market: Soho
Christopher Owles from Sinvin Real Estate represented the landlord in this transaction. Meanwhile, Janet Liff from J. Liff Co. and David Baker from Baker New York represented Jonathan Adler as his tenant representatives.
The lease was secured at an asking rent of $650,000 per year for a total square footage of 8,000 square feet.
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