Oxford Cafe Signs Retail Lease At 86 Broad Street In Financial District
86 Broad Street
$160
$160/SF
Building Size
2,060 SF
Asset Type
Retail
Closing
Jun 14, 2024
AI
The retail property located at 86 Broad Street in the Financial District was leased out to Oxford Cafe. The property spans 2,060 square feet, with an asking rent of $160 per square foot. The lease was finalized on June 14, 2024, with Ray Chalme of Broad Street Development representing the landlord, and KSR representing the tenant.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Landlord: Ray Chalme - Broad Street Development
- Tenant: Oxford Cafe
- Landlord's Rep: Carolina Aziz, Ike Bibi & Brandon Berger - KSR
- Tenant's Rep: Michael Paster - Newmark
- Address: 86 Broad Street
- Market: Financial District
Carolina Aziz, Ike Bibi, and Brandon Berger served as the landlord's representatives from KSR, while Michael Paster represented the tenant from Newmark. The deal involved intricate negotiations to finalize the retail lease agreement at the prime location in the Financial District.
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
99143.75%
Cash-on-Cash
-28335.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93