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
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