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519 Broome Street

Noon AI Leases Retail Space At 519 Broome Street New York Represented By Tyler Boyd
LEASEDRetail

Noon AI Leases Retail Space At 519 Broome Street New York Represented By Tyler Boyd

519 Broome Street

$48

$48/SF

Building Size

1,100 SF

Asset Type

Retail

Closing

Mar 17, 2025

AI

The property asset involved in the transaction is a retail space located at 519 Broome Street in the New York market. The lease agreement was established for 1,100 square feet of space with a rent rate of $48 per square foot.

Summary of transaction details:

The deal's key individuals include Tyler Boyd representing the tenant, Noon AI, and a team of representatives from Meridian Capital Group, including Garrett Kelly, Noam Aziz, Cory Rywalt, Max Freudenberger, and Christine Pazler, representing the landlord, Zachary Baumgarten.

Players

Garrett Kelly

Meridian Capital Group

Broker

60 deals

Broker

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

330479.17%

Cash-on-Cash

-94451.96%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93