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598 Broadway

Meridian Capital Group Represents Landlord Jamie Mosery In Retail Lease At 598 Broadway In Soho, Manhattan
LEASEDRetail

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

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.

Players

Greg Goldberg

Meridian Capital Group

Broker

$4.3M

vol

72 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

37949.76%

Cash-on-Cash

-10846.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93