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830 Broadway, New York, NY,...

Ricky’s NYC Leases Retail Space At 830 Broadway, New York For $225/SF
LEASEDRetail

Ricky’s NYC Leases Retail Space At 830 Broadway, New York For $225/SF

830 Broadway, New York, NY, 10003

$225

$225/SF

Building Size

4,600 SF

Asset Type

Retail

Closing

Oct 27, 2017

AI

The property involved in this transaction is a retail asset located at 830 Broadway, New York, NY, 10003. The market for this lease is New York, and it encompasses a total square footage of 4,600. The rent per square foot is $225.

Summary of transaction details:

This transaction highlights key participants, including tenant Ricky’s NYC and landlord SL Green Realty Corp. The negotiations involved the representation of the tenant by Oded Nachmani from Current Real Estate Advisors and the representation of the landlord by Mark Utreras from Newmark.

Players

Oded Nachmani

Current Real Estate Advisors

Broker

16 deals

Broker
SL Green
SL GreenLandlord

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

70502.22%

Cash-on-Cash

-20149.75%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93