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740 Broadway #

Bookoff USA Leases Retail Space At 740 Broadway In NoHo
LEASEDRetail

Bookoff USA Leases Retail Space At 740 Broadway In NoHo

740 Broadway #

$250

$250/SF

Building Size

2,065 SF

Asset Type

Retail

Closing

Jun 26, 2024

AI

In the heart of NoHo, the retail property located at 740 Broadway has been leased out. The asset spans across 2,065 square feet, with an asking rent of $250 per square foot.

Summary of transaction details:

The deal was facilitated by Ross Kaplan and William Chaplin representing the landlord GFP Real Estate, and Dorel Melloul along with Marc Sitt representing the tenant BOOKOFF USA. The cooperation and negotiation between these representatives led to the successful leasing of this retail asset.

Players

Marc Sitt

Kassin Sabbagh Realty

Broker

$272.9M

vol

64 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

63452.00%

Cash-on-Cash

-18134.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93