FridgeNoMore Leases Retail Space At 412 Broadway In SoHo With Brokers Robert Chattah - Reshape Advisory & Tarik Bouzourene
412 Broadway, New York, NY, USA
Building Size
2,100 SF
Asset Type
Retail
Closing
Apr 13, 2021
AI
Located at 412 Broadway in the SoHo market, a retail property has recently been leased. The deal was completed on April 14, 2021.
Summary of Transaction Details:
- Property Type: Retail
- Address: 412 Broadway
- Market: SoHo
- Tenant: @FridgeNoMore
- Brokers: Robert Chattah - Reshape Advisory & Tarik Bouzourene
- Asking Rent: $75/ft.
- SF: 2,100
The tenant occupying the retail space is @FridgeNoMore, represented by Pavel Danilov. The deal was facilitated by brokers Robert Chattah from Reshape Advisory and Tarik Bouzourene.
@FridgeNoMore is a cloud-based grocery store that offers app delivery service within 15 minutes or less. Currently, it is already open and operating in Park Slope and Williamsburg. Reshape Advisory exclusively represents @FridgeNoMore and is inviting all brokers and property owners to assist in its continued growth. You can reach out to [email protected] or [email protected] for further inquiries.
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