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402 West Broadway, New York...

Centaur Properties Leases Retail Space In SoHo To The Tox With Tenant's Rep Zach Parisi BRE
LEASEDRetail

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

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

192 deals

Broker
CP
Centaur PropertiesLandlord

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