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400 Broome Street

Kiro Leases Retail Space From Steven Forkosh At 400 Broome Street For $150/ft
LEASEDRetail

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:

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

Ike Bibi

Kassin Sabbagh Realty

Broker

$274.3M

vol

125 deals

Broker
N
N/ALandlord

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