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691 Broadway, New York, NY,...

Dig Inn Leases Retail Space At 691 Broadway, New York For $200/SF
LEASEDRetail

Dig Inn Leases Retail Space At 691 Broadway, New York For $200/SF

691 Broadway, New York, NY, 10012

$200

$200/SF

Building Size

1,800 SF

Asset Type

Retail

Closing

Jun 12, 2018

AI

The property at 691 Broadway, New York, NY, 10012, is a retail asset with a total area of 1800 square feet leased by Dig Inn. The transaction, which took place on 06/12/2018, involved a rental rate of $200 per square foot. Michael Cohen from Newmark represented the tenant, while Michael Gleicher from Winick Realty Group represented the landlord, Anthony Leichter.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not Applicable
  • Tenant: Dig Inn
  • Tenant's Representative: Michael Cohen (Newmark)
  • Landlord: Anthony Leichter
  • Landlord's Representative: Michael Gleicher (Winick Realty Group)
  • Rent per Square Foot: $200
  • Square Feet: 1800

Michael Cohen from Newmark represented Dig Inn in the leasing transaction, whereas Michael Gleicher from Winick Realty Group served as the landlord's representative. The deal at 691 Broadway, New York, NY, 10012, marked a significant agreement for both parties involved in the New York market.

Players

Michael Cohen

Newmark

Broker

13 deals

Broker
DI
Dig InnTenant

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