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40 Broad St, New York, NY, ...

Café Arte Leases Retail Space At 40 Broad St, New York For $125/SF
LEASEDRetail

Café Arte Leases Retail Space At 40 Broad St, New York For $125/SF

40 Broad St, New York, NY, 10004

$125

$125/SF

Building Size

4,350 SF

Asset Type

Retail

Closing

Nov 22, 2023

AI

The retail property located at 40 Broad St, New York, NY, 10004, in the New York market, was leased to Café Arte. The landlord, Tishman Speyer, was represented by Peter Braus from Lee & Associates. The lease was signed at a rate of $125 per square foot for a total area of 4,350 square feet.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: Not Applicable
  • Address: 40 Broad St, New York, NY, 10004
  • Market: New York
  • Landlord's Rep: Peter Braus (Lee & Associates)
  • Tenant: Café Arte
  • Landlord: Tishman Speyer
  • Rent/SF: $125
  • Square Feet: 4,350

Café Arte secured the lease for the retail space, facilitated by Peter Braus of Lee & Associates, representing the landlord, Tishman Speyer. The deal, which amounted to a total of 4,350 square feet at a rental rate of $125 per square foot, highlights the successful agreement between the tenant and landlord.

Players

Peter Braus

Lee & Associates

Broker

$21.4M

vol

11 deals

Broker
Tishman Speyer
Tishman SpeyerLandlord

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

126904.00%

Cash-on-Cash

-36269.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93