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
About this deal
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.
On the Map
$200
$200/SF
Retail
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Players
New York Retail Market Snapshot
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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