Tadashi Yanai - Uniqlo Leases 19250 Square Feet At 860 Broadway Near Union Square
860 Broadway
Building Size
19,250 SF
Asset Type
Retail
Closing
Jul 10, 2025
About this deal
AI
The retail asset located at 860 Broadway encompasses a total of 19,250 square feet and is situated in the Union Square market. This premises has been leased to Uniqlo, marking a strategic expansion in its presence within New York City.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 860 Broadway
- Market: Union Square
- Landlord: Gordon Property Group
- Tenant: Tadashi Yanai - Uniqlo
This lease agreement signifies Uniqlo's ongoing growth strategy, as it increases its footprint in New York City to a total of six stores with this latest acquisition.
On the Map
Retail
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Brooklyn Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93