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860 Broadway

Tadashi Yanai - Uniqlo Leases 19250 Square Feet At 860 Broadway Near Union Square
LEASEDRetail

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

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.

Players

GG
Gordon Property GroupLandlord
U
UniqloTenant
U
UniqloTenant

Brooklyn 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93