William Wheeler Smith Leases Retail Space To Cutandcropped At 687 Broadway For $200/ft
687 Broadway
$200
$200/SF
Building Size
1,500 SF
Asset Type
Retail
Closing
Aug 13, 2026
About this deal
AI
The property involved in this transaction is a retail space located at 687 Broadway in Manhattan. It has a square footage of 1,500 and an asking rent of $200 per square foot. The lease term for this property is set for 10 years, with a retail lease type.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $200/ft
- Lease Term: 10 years
- Address: 687 Broadway
- Market: Manhattan
- Landlord: William Wheeler Smith
- Tenant: cutandcropped
- Brokers: Jeremy Banilevi & Cory Zelnik - Zelnik & Company
The deal is represented by brokers Jeremy Banilevi and Cory Zelnik, who are affiliated with Zelnik & Company. They played a crucial role in facilitating this lease agreement between the landlord and the tenant.
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
79315.00%
Cash-on-Cash
-22668.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93