Kiro Leases Retail Space From Steven Forkosh At 400 Broome Street For $150/ft
400 Broome Street
$150
$150/SF
Building Size
1,200 SF
Asset Type
Retail
Closing
May 25, 2026
AI
The retail asset involved in the transaction is located at 400 Broome Street in the Nolita market. The property has a lease type categorized as a retail lease, with an asking rent of $150 per square foot. The total area of the property is 1,200 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $150/ft
- Address: 400 Broome Street
- Market: Nolita
- Landlord: Steven Forkosh
- Tenant: Kiro
- Brokers: Marc Sitt, Nathan Shabot, Dorel Melloul, Carolina Aziz & Ike Bibi - KSR
The transaction involves several key individuals, including landlord Steven Forkosh, who owns the property, and tenant Kiro, who secured the lease. The representatives of the deal include brokers Marc Sitt, Nathan Shabot, Dorel Melloul, Carolina Aziz, and Ike Bibi from KSR, all of whom were integral to facilitating the lease agreement.
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