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:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 519 Broome Street
- Market: New York
- Tenant: Noon AI
- Landlord: Zachary Baumgarten
- Tenant's Representative: Tyler Boyd (Creative Spaces)
- Landlord's Representatives: Garrett Kelly (Meridian Capital Group), Noam Aziz (Meridian Capital Group), Cory Rywalt (Meridian Capital Group), Max Freudenberger (Meridian Capital Group), Christine Pazler (Meridian Capital Group)
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
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