Steven Forkosh Leases 2,000 SF Retail Space To Iconic Magazine At 400 Broome Street
400 Broome Street
$150
$150/SF
Building Size
2,000 SF
Asset Type
Retail
Closing
Jun 24, 2026
About this deal
AI
The retail property located at 400 Broome Street in Nolita features a lease type categorized as a Retail Lease. This asset encompasses 2,000 square feet and has an asking rent of $150 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $150/ft
- Square Footage: 2,000
- Address: 400 Broome Street
- Market: Nolita
- Landlord: Steven Forkosh
- Tenant: Iconic Magazine
- Brokers: Nathan Shabot, Marc Sitt & Dorel Melloul - KSR
The transaction involved key representatives including Nathan Shabot, Marc Sitt, and Dorel Melloul, who acted on behalf of the landlord and tenant, facilitating the lease agreement for Iconic Magazine.
On the Map
$150
$150/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
105753.33%
Cash-on-Cash
-30224.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93