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
About this deal
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.
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Retail
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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