Ripndip Signs Lease For Retail Space At 620 Broadway In NoHo
620 Broadway, New York City, New York 10012, United States
Building Size
2,500 SF
Asset Type
Retail
Closing
May 31, 2022
About this deal
AI
Located in NoHo, the retail property at 620 Broadway was recently leased to Ripndip. The transaction was facilitated by brokers Solomon Sharaby, Dorel Melloul, and Sam Chera of KSR on behalf of the tenant. The landlord for this lease is Jokr, represented by Dennis Levene.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 06/01/2022
- Address: 620 Broadway
- Market: NoHo
- Asking Rent: $200/ft.
- Square Footage: 2,500 SF
Solomon Sharaby, Dorel Melloul, and Sam Chera, from the brokerage firm KSR, played a key role in facilitating the lease deal between Ripndip and Jokr. This transaction highlights their expertise in the NoHo retail market.
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