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666 Broadway New York, New ...

Yankeekicks Leases 5,104 SF Retail Space At 666 Broadway In NoHo
LEASEDRetail

Yankeekicks Leases 5,104 SF Retail Space At 666 Broadway In NoHo

666 Broadway New York, New York 10012, USA

Building Size

5,104 SF

Asset Type

Retail

Closing

Jun 27, 2023

AI

Yankeekicks, a popular Miami sneaker shop specializing in sought-after shoes, has expanded with its first New York City location in NoHo. The brand has leased a 5,104-square-foot space at 666 Broadway, which will serve as its flagship store.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: Not mentioned
  • Square Footage: 5,104
  • Address: 666 Broadway
  • Market: NoHo

The landlord for the leased space is The Wings Group, while Yankeekicks is the tenant. The landlord's representatives for the deal were Mitch Heifetz and Ariel Schuster from Newmark. On the other hand, Michael Shalom and Joanne Podell from Cushman & Wakefield represented Yankeekicks in the transaction.

Players

Ariel Schuster

Newmark

Broker

$461.2M

vol

27 deals

Broker
TG
The Wings GroupLandlord

Wyoming 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