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454 Broadway, Manhattan, Ne...

LiveByTheSwordTattoo Leases Retail Space In SoHo At 454 Broadway With Tenant's Rep Gabe Icikson & David Green
LEASEDRetail

LiveByTheSwordTattoo Leases Retail Space In SoHo At 454 Broadway With Tenant's Rep Gabe Icikson & David Green

454 Broadway, Manhattan, New York, NY 10013, USA

Building Size

2,500 SF

Asset Type

Retail

Closing

Jul 29, 2020

AI

Located in the vibrant neighborhood of SoHo, the retail property at 454 Broadway has recently been leased. The transaction took place on July 29, 2021, with the tenant being LiveByTheSwordTattoo. Represented by Gabe Icikson and David Green from Assin Sabbagh Realty, the tenant found their new space through the assistance of their brokers. The landlord, represented by Ben Biberaj from Meridian Retail Leasing, successfully negotiated the terms of the lease agreement.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Asking Rent: $100/ft
  • Square Footage: 2,500
  • Address: 454 Broadway
  • Market: SoHo

This lease deal highlights the collaboration between LiveByTheSwordTattoo and their brokers, Gabe Icikson and David Green from Assin Sabbagh Realty. With their expertise, they were able to secure a suitable retail space at 454 Broadway in the popular SoHo market. On the other side of the deal, Ben Biberaj from Meridian Retail Leasing skillfully represented the landlord and successfully found a tenant for their property. The negotiation process resulted in an agreement to lease the property, with the rent set at $100 per square foot, covering a total area of 2,500 square feet.

Players

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

197 deals

Broker
LT
Live by the Sword TattooTenant

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