La Ropa Signs Lease For Retail Space At 441 Broadway In SoHo, NYC
441 Broadway, Manhattan, New York, NY, USA
Building Size
2,500 SF
Asset Type
Retail
Closing
Sep 3, 2021
AI
A retail property located at 441 Broadway in SoHo has been leased. The property, measuring 2,500 square feet, was leased by La Ropa. The landlord, United American Land, was represented by Albert, Jason, and Jody Laboz. The tenant's representative was Lee Block from Winick Realty, while the landlord's representatives were Carolina Aziz, David Green, and Ike Bibi from Kassin Sabbagh Realty. The asking rent for the property was $175 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Date: 09/03/2021
- Market: SoHo
- Tenant: La Ropa
- Landlord: United American Land
- Tenant's Representative: Lee Block - Winick Realty
- Landlord's Representatives: Carolina Aziz, David Green, and Ike Bibi - Kassin Sabbagh Realty
- Asking Rent: $175/ft.
- SF: 2,500
The deal involved the parties mentioned above, with La Ropa leasing the retail property at 441 Broadway, SoHo. The landlord, United American Land, was represented by Albert, Jason, and Jody Laboz. On the tenant's side, Lee Block from Winick Realty acted as the representative. Carolina Aziz, David Green, and Ike Bibi from Kassin Sabbagh Realty represented the landlord's interests in the transaction.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93