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:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 830 Broadway, New York, NY, 10003
- Market: New York
- Square Feet: 4,600
- Rent/SF: $225
- Tenant: Ricky’s NYC
- Landlord: SL Green Realty Corp.
- Tenant's Rep: Oded Nachmani-Current Real Estate Advisors
- Landlord's Rep: Mark Utreras-Newmark
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
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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