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427 Broadway

Hello82 Signs Multi-Year Lease For 6915 Sq Ft Retail Space At 427 Broadway In SoHo
LEASEDRetail

Hello82 Signs Multi-Year Lease For 6915 Sq Ft Retail Space At 427 Broadway In SoHo

427 Broadway

Building Size

6,915 SF

Asset Type

Retail

Closing

May 16, 2025

AI

The asset involved in this transaction is a retail space located at 427 Broadway in the SoHo market of Manhattan. This space encompasses a total of 6,915 square feet, tailored for the tenant's specific operational needs.

Summary of transaction details:

This lease agreement marks Hello82's first location in New York City, serving as their East Coast flagship for various activities including events, album drops, and fan experiences.

Players

Jason Pruger

Newmark

Broker

12 deals

Broker
Compass
CompassBrokerage

Michael Chetrit

Landlord

$1.6B

vol

6 deals

Landlord

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