facebook

traded

+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Retail

/

Lease

/

400 Broome Street

Steven Forkosh Leases 2,000 SF Retail Space To Iconic Magazine At 400 Broome Street
LEASEDRetail

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

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.

Players

Marc Sitt

Kassin Sabbagh Realty

Broker

$272.9M

vol

64 deals

Broker

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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