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793 Broadway, New York City...

Meridian Retail Leasing Secures Lease For Retail Space At 793 Broadway In New York For $352,000/yr
LEASEDRetail

Meridian Retail Leasing Secures Lease For Retail Space At 793 Broadway In New York For $352,000/yr

793 Broadway, New York City, New York 10003, United States

$160

$160/SF

Building Size

2,200 SF

Asset Type

Retail

Closing

Nov 8, 2022

AI

793 Broadway, a retail property located in New York, was recently leased. The deal was facilitated by Andrew Ingber from Meridian Retail Leasing, representing the landlord, and Elliot Wygoda and Ben Biberaj from Meridian Retail Leasing, representing the tenant. The lease agreement was finalized on November 8, 2022.

Summary of transaction details:

  • Property Type: Retail
  • Address: 793 Broadway, New York
  • Market: New York
  • Landlord's Representative: Andrew Ingber - Meridian Retail Leasing
  • Tenant's Representatives: Elliot Wygoda & Ben Biberaj - Meridian Retail Leasing
  • Asking Rent: $160/ft.
  • Square Footage: 2,200

The lease transaction for 793 Broadway involved a retail property in New York. Andrew Ingber from Meridian Retail Leasing represented the landlord, while Elliot Wygoda and Ben Biberaj, also from Meridian Retail Leasing, represented the tenant. The lease agreement was successfully negotiated on November 8, 2022.

Players

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

192 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

99143.75%

Cash-on-Cash

-28335.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93