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
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