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
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