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
About this deal
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.
On the Map
Retail
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Players
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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