Seiko WATCH Signs Lease At 416 West Broadway Retail Space In Soho Manhattan With Landlord Ben Chuang
416 West Broadway
$234
$234/SF
Building Size
2,483 SF
Asset Type
Retail
Closing
Jan 14, 2026
About this deal
AI
The property asset involved in this transaction is a retail space located at 416 West Broadway in Soho, Manhattan. The lease type is a Single Net Lease with an asking rent of $234 per square foot, encompassing a total square footage of 2,483. The landlord of the property is Ben Chuang.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $234/ft
- Square Footage: 2,483
- Address: 416 West Broadway
- Market: Soho, Manhattan
- Landlord: Ben Chuang
- Tenant: Seiko WATCH
- Lease Type: Single Net Lease
- Brokers: Noam Aziz, Carson Shahrabani & Josh Vilinsky - Meridian Capital Group
This lease transaction features the involvement of Noam Aziz, Carson Shahrabani, and Josh Vilinsky, representing the landlord and tenant. The brokers from Meridian Capital Group played a key role in facilitating the deal between Ben Chuang and Seiko WATCH.
On the Map
$234
$234/SF
Retail
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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
67790.60%
Cash-on-Cash
-19374.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93