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514 Broadway, New York City...

Express Leases Retail Space In SoHo At 514 Broadway With Landlord's Rep Carolina Aziz & Ike Bibi
LEASEDRetail

Express Leases Retail Space In SoHo At 514 Broadway With Landlord's Rep Carolina Aziz & Ike Bibi

514 Broadway, New York City, New York 10012, United States

Building Size

9,181 SF

Asset Type

Retail

Closing

Jul 24, 2022

AI

The retail property located at 514 Broadway in SoHo has been leased. The lease transaction took place on 07/25/2022. The property spans a total area of 9,181 square feet. The asking rent for the space was $400 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not specified

The landlord for this property is Haim Kedmi, while the tenant is Express. Representing the tenant in this deal are Michael Paster, Jeremy Ezra, and Ariel Schuster from Newmark. On the other hand, Carolina Aziz and Ike Bibi from Kassin Sabbagh Realty represent the landlord.

Players

Ike Bibi

Kassin Sabbagh Realty

Broker

$274.3M

vol

125 deals

Broker

Haim Kedmi

Landlord

$1.4M

vol

3 deals

Landlord
E
ExpressTenant

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