Soho Food Gallery Signs Lease For Retail Space At 447 Broadway In SoHo
447 West Broadway, New York, NY 10012, USA
Building Size
5,000 SF
Asset Type
Retail
Closing
Apr 1, 2021
AI
The retail property located at 447 Broadway in SoHo has recently been leased. The transaction took place on 04/02/2021.
Summary of transation details
- Property Type: Retail
- Asking Rent: $125 per square foot
- Size: 5,000 square feet (Ground), 5,000 square feet (Basement)
- Tenant: Soho Food Gallery
- Landlord: AB & Sons
Ike Bibi and Carolina Aziz from Kassin Sabbagh Realty represented the tenant, Soho Food Gallery, in the lease deal. The landlord, AB & Sons, was represented by Lip Fei Jiang.
It is worth noting that the lease transaction was documented through a post on Instagram by Carolina Aziz, Lip Fei Jiang, and Ike Bibi.
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