Meridian Capital Group Represents Landlord Jamie Mosery In Retail Lease At 598 Broadway In Soho, Manhattan
598 Broadway
$418
$418/SF
Building Size
9,500 SF
Asset Type
Retail
Closing
Oct 27, 2023
About this deal
AI
The retail property located at 598 Broadway in Soho, Manhattan has recently been leased. The asset, spanning across 9,500 square feet, was listed on the market, with an asking rent of $418 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 598 Broadway, Soho, Manhattan
- Market: Soho, Manhattan
- Asking Rent: $418/ft
- Square Footage: 9,500
The lease transaction was facilitated by landlord Jamie Mosery. The landlord was represented by Greg Goldberg and James Famularo of Meridian Capital Group. On the other hand, the tenant was represented by Gregory Tannor and Jessica Gerstein of Lee & Associates.
On the Map
$418
$418/SF
Retail
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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
37949.76%
Cash-on-Cash
-10846.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93