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444 Broome Street

Serena Uziyel Signs Modified Gross Lease For Retail Space At 444 Broome Street, Soho, Manhattan
LEASEDRetail

Serena Uziyel Signs Modified Gross Lease For Retail Space At 444 Broome Street, Soho, Manhattan

444 Broome Street

$400

$400/SF

Building Size

450 SF

Asset Type

Retail

Closing

Jan 10, 2024

AI

The retail property located at 444 Broome Street in Soho, Manhattan has been leased. The lease deal was closed on January 10, 2024. The property, spanning 600 square feet, was leased to Serena Uziyel. The landlord of the property is Sherr Equities.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not Available
  • Address: 444 Broome Street, Soho, Manhattan
  • Market: Soho, Manhattan
  • Landlord: Sherr Equities
  • Tenant: Serena Uziyel
  • Landlord's Rep: Harry O' Donnell & Victor Terzi - Isaacs & Sons
  • Tenant's Rep: Meylin Maldonado - Compass
  • Asking Rent: $300/ft
  • Lease Type: Modified Gross Lease

The lease deal was facilitated by Meylin Maldonado from Compass, who represented Serena Uziyel, the tenant. Harry O' Donnell and Victor Terzi from Isaacs & Sons represented the landlord, Sherr Equities, in the transaction.

Players

Meylin Maldonado

Compass

Broker

$22.7M

vol

7 deals

Broker

New York Retail Market Snapshot

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

39657.50%

Cash-on-Cash

-11334.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93