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412 Broadway, New York, NY,...

FridgeNoMore Leases Retail Space At 412 Broadway In SoHo With Brokers Robert Chattah - Reshape Advisory & Tarik Bouzourene
LEASEDRetail

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:

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

Robert Chattah

Broker

$227M

vol

10 deals

Broker
F
FridgeNoMoreTenant

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