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436 West Broadway, Manhatta...

Chartior Leases Retail Space In SoHo At 436 West Broadway With Tenant's Rep Isaac Bijou & Landlord's Rep Christopher Owles
LEASEDRetail

Chartior Leases Retail Space In SoHo At 436 West Broadway With Tenant's Rep Isaac Bijou & Landlord's Rep Christopher Owles

436 West Broadway, Manhattan, New York, NY, USA

Building Size

400 SF

Asset Type

Retail

Closing

Jul 15, 2020

AI

436 West Broadway in SoHo has recently been leased. The retail property, with an area of 400 square feet, was leased to Chartior. The lease was facilitated by Isaac Bijou from eridian_Retail_Leasing, representing the tenant, and Christopher Owles from invinRealEstate, representing the landlord. The lease agreement was finalized on July 15, 2021.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not available
  • Asking Rent: $330/ft.
  • Address: 436 West Broadway
  • Market: SoHo

Isaac Bijou, from eridian_Retail_Leasing, served as the tenant's representative in the deal, while Christopher Owles, from invinRealEstate, represented the landlord. The lease transaction demonstrates the ongoing activity in the SoHo market, with Chartior securing this retail space.

Players

Isaac Bijou

MOD

Broker

$1.4M

vol

39 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