Housing Works Signs 10-Year Lease At 750 Broadway In New York
750 Broadway, New York City, New York 10003, United States
Building Size
7,400 SF
Asset Type
Retail
Closing
Dec 22, 2022
About this deal
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.
On the Map
Retail
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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