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425 West Broadway, New York...

Antidote SoHo Leases Retail Space In Soho At 425 W. Broadway With Broker Neal Klotsman - Douglas Elliman
LEASEDRetail

Antidote SoHo Leases Retail Space In Soho At 425 W. Broadway With Broker Neal Klotsman - Douglas Elliman

425 West Broadway, New York City, New York 10012, United States

Building Size

1,650 SF

Asset Type

Retail

Closing

Sep 25, 2022

AI

Antidote SoHo, a retail space located at 425 W. Broadway in Soho, has been leased by tenant Antidote SoHo. The lease was facilitated by broker Neal Klotsman of The Klotsman Team at Douglas Elliman. The transaction took place on September 26, 2022, with an asking rent of $150 per square foot for a total space of 1,650 square feet.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Leased
  • Address: 425 W. Broadway
  • Market: Soho
  • Asking Rent: $150/ft
  • Square Footage: 1,650

The lease agreement was negotiated between landlord Larry Farkas and tenant Antidote SoHo. Neal Klotsman of The Klotsman Team at Douglas Elliman represented the tenant in the deal.

Players

Neal Klotsman

Douglas Elliman

Broker

$39.6M

vol

9 deals

Broker

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