NYC Deli & Convenience Leases Retail Space In Noho At 722 Broadway
722 Broadway, New York City, New York 10003, United States
Building Size
2,000 SF
Asset Type
Retail
Closing
Oct 4, 2022
AI
The retail property located at 722 Broadway in Noho has been leased. The lease transaction was completed on 10/05/2022. The property, spanning 2,000 square feet, was leased by NYC Deli & Convenience. The landlord, 722 Owners Corp represented by Greg Helen, facilitated the lease agreement. The asking rent for the space was $230 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 722 Broadway, Noho
- Tenant: NYC Deli & Convenience
- Tenant's Representative: Jordan Raphan - Kassin Sabbagh Realty
- Landlord: 722 Owners Corp - Greg Helen
- Landlord's Representatives: Brandon Singer, Kim Levandovsky, Suzanne Bernstock - Retail by Mona
- Asking Rent: $230/ft.
- Square Footage: 2,000
Jordan Raphan from Kassin Sabbagh Realty represented NYC Deli & Convenience in the lease agreement. The landlord, 722 Owners Corp, was represented by Brandon Singer, Kim Levandovsky, and Suzanne Bernstock from Retail by Mona.
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