The Beauty Group Leases Retail Space In SoHo At 456 Broadway With Tenant's Rep Nick Dullea - Corbett & Dullea
456 Broadway, Manhattan, New York, NY, USA
Building Size
2,500 SF
Asset Type
Retail
Closing
Jul 18, 2021
About this deal
AI
The Beauty Group has leased a retail space at 456 Broadway in SoHo. The property, with a total area of 2,500 square feet, was leased on July 19, 2021, with an asking rent of $140 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Date: 07/19/2021
- Address: 456 Broadway
- Market: SoHo
- Tenant: The Beauty Group
- Tenant's Rep: Nick Dullea - Corbett & Dullea
- Landlord's Rep: Ben Biberaj & James Famularo - Meridian Retail Leasing
- Asking Rent: $140/ft.
- Square Footage: 2,500
The lease deal was facilitated by Nick Dullea from Corbett & Dullea, representing the tenant, The Beauty Group. Ben Biberaj and James Famularo from Meridian Retail Leasing represented the landlord 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