Centaur Properties Leases Retail Space In SoHo To The Tox With Tenant's Rep Zach Parisi BRE
402 West Broadway, New York, NY 10012, USA
Building Size
2,500 SF
Asset Type
Retail
Closing
Aug 15, 2021
AI
The retail space located at 402 West Broadway, 2nd fl. in SoHo has been leased. The property, consisting of 2,500 square feet, was leased by The Tox. The landlord, Centaur Properties, facilitated the lease agreement. The asking rent for the space was $100 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Leased
- Address: 402 West Broadway - 2nd fl.
- Market: SoHo
- Tenant: The Tox
- Landlord: Centaur Properties
- Asking Rent: $100/ft.
Zach Parisi, representing The Tox, served as the tenant's representative in the lease deal. Ben Biberaj and James Famularo from Meridian Retail Leasing acted as the landlord's representatives.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93