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750 Broadway, New York City...

Housing Works Signs 10-Year Lease At 750 Broadway In New York
LEASEDRetail

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

Gary Alterman

Newmark

Broker

5 deals

Broker
HW
Housing WorksTenant

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