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:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 740 Broadway
- Market: NoHo
- Landlord: GFP Real Estate - Jeffrey Gural
- Tenant: BOOKOFF USA
- Landlord's Rep: Ross Kaplan & William Chaplin - Newmark
- Tenant's Rep: Dorel Melloul & Marc Sitt - KSR
- Lease Type: Retail Lease
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
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