Housing Works Signs 10-Year Lease At 750 Broadway In New York
750 Broadway, New York City, New York 10003, United States
$200
$200/SF
Building Size
7,400 SF
Asset Type
Retail
Closing
Dec 22, 2022
AI
750 Broadway, a retail property located in New York, has recently been leased. The lease was signed on December 22, 2022, for a term of 10 years. The property spans approximately 7,400 square feet and had an asking rent of $200 per square foot.
Summary of transaction details:
- Property Type: Retail
- Date: 12/22/2022
- Address: 750 Broadway, New York
- Tenant: Housing Works
- Landlord: Manocherian Brothers
- Asking Rent: $200/ft.
- Lease Terms: 10-year lease
The landlord, Manocherian Brothers, was represented by Gary Alterman from Newmark in this lease transaction. Housing Works, the tenant, was represented by Sean Philipps from Katz & Associates.
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
79315.00%
Cash-on-Cash
-22668.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93