Chic Collectibles Co. Leases Retail Space At 424 Broadway In SoHo With Landlord Elliot Chehebar
424 Broadway
$235
$235/SF
Building Size
8,800 SF
Asset Type
Retail
Closing
Dec 11, 2025
AI
The property involved in this transaction is located at 424 Broadway in the SoHo market. It is categorized as a retail asset with a total square footage of 8,800. The asking rent is set at $235 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,078,000
- Address: 424 Broadway
- Landlord: Elliot Chehebar
- Tenant: Chic Collectibles Co.
- Lease Type: Retail Lease
- Brokers: Sophia Gaines, Ike Bibi, Jack Khaski & Albert Manopla - KSR
The deal was facilitated by brokers Sophia Gaines, Ike Bibi, Jack Khaski, and Albert Manopla, all of whom represent KSR in this transaction, highlighting their role in connecting the landlord and tenant for this retail lease agreement.
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
67502.13%
Cash-on-Cash
-19292.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93