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738 Broadway

Caffeena Coffee House Leases Retail Space At 738 Broadway In Manhattan For $93 Per Ft
LEASEDRetail

Caffeena Coffee House Leases Retail Space At 738 Broadway In Manhattan For $93 Per Ft

738 Broadway

$93

$93/SF

Building Size

3,850 SF

Asset Type

Retail

Closing

Jun 15, 2025

AI

The property asset involved is a retail space located at 738 Broadway in Manhattan. The tenant, Caffeena Coffee House, has signed a modified gross lease. The asking rent for this property is $93 per square foot, covering a total area of 3,850 square feet. The landlord for this lease is Baruch Adika.

Summary of transaction details:

The lease transaction includes representation from Meridian Capital Group for the landlord, where James Famularo, Jordan Langer, and Marcelo Demoraes played significant roles. On the tenant's side, Leviathan Capital is represented by Elie Cohen, Yaron Cohen, and Daniel Cohen, highlighting the collaboration between these professionals in facilitating the deal.

Players

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

362 deals

Broker

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

170569.89%

Cash-on-Cash

-48749.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93