Green Guys Convenience Corp Leases Retail Space At 88 West Broadway In New York City
88 W Broadway New York, NY 10007, USA
$165
$165/SF
Building Size
1,450 SF
Asset Type
Retail
Closing
Jun 2, 2023
About this deal
AI
The retail property located at 88 West Broadway in New York City has been leased. The property, owned by 6R Tribeca Owner, will now be occupied by Green Guys Convenience Corp. The lease transaction was facilitated by Andrew Stern of Newmark, representing the landlord, and Ben Biberaj and Elliot Wygoda of Meridian Capital Group, representing the tenant.
Summary of Transaction Details
- Property Type: Retail
- Address: 88 West Broadway, New York City
- Market: New York City
- Landlord: 6R Tribeca Owner
- Tenant: Green Guys Convenience Corp.
- Landlord's Representative: Andrew Stern - Newmark
- Tenant's Representatives: Ben Biberaj & Elliot Wygoda - Meridian Capital Group
- Asking Rent: $165/ft
- SF: 1,450
This lease deal indicates the successful collaboration between the landlord, 6R Tribeca Owner, and the tenant, Green Guys Convenience Corp. Andrew Stern of Newmark played a crucial role as the landlord's representative in negotiating and finalizing the lease agreement. On the tenant's side, Ben Biberaj and Elliot Wygoda from Meridian Capital Group diligently represented and advocated for Green Guys Convenience Corp. throughout the leasing process. This transaction showcases the expertise and professionalism of these industry professionals in securing a mutually beneficial lease agreement.
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
96139.39%
Cash-on-Cash
-27476.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93