Jeonhoon Kim Leases Retail Space To 736 Broadway Cafe At 736 Broadway In NoHo
736 Broadway
$175
$175/SF
Building Size
2,500 SF
Asset Type
Retail
Closing
May 21, 2025
AI
The property asset involved in this transaction is located at 736 Broadway in the NoHo market. It is a retail type asset with a total square footage of 2,500. The asking rent for the retail lease is set at $175 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $175/ft
- Address: 736 Broadway
- Market: NoHo
- Landlord: Jeonhoon Kim
- Tenant: 736 Broadway Cafe
- Broker: Claude Kolb - KSR
- Lease Type: Retail Lease
The key individuals in this deal include landlord Jeonhoon Kim and tenant 736 Broadway Cafe, represented by broker Claude Kolb of KSR. Each party plays a crucial role in the leasing process, with the landlord providing the space and the tenant engaging to utilize it for their business operations.
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
90645.71%
Cash-on-Cash
-25906.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93