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:
- Property Type: Retail
- Transaction Amount: $93/ft
- Lease Type: Modified Gross Lease
- Address: 738 Broadway
- Market: Manhattan
- Landlord: Baruch Adika
- Tenant: Caffeena Coffee House
- Landlord's Representatives: James Famularo, Jordan Langer & Marcelo Demoraes - Meridian Capital Group
- Tenant's Representatives: Elie Cohen, Yaron Cohen & Daniel Cohen - Leviathan Capital
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
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