L.A. Burdick Chocolates Signs 10-Year Lease At 933 Broadway From Thor Equities
933 Broadway
$300
$300/SF
Building Size
2,400 SF
Asset Type
Retail
Closing
Feb 12, 2026
AI
The property asset involved in this transaction is a retail space located at 933 Broadway in the Flatiron District. The lease agreement entails an asking rent of $300 per square foot and encompasses a total area of 2,400 square feet, under a 10-year lease term.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $300/ft
- Lease Term: 10-year lease
- Landlord: Thor Equities
- Tenant: L.A. Burdick Chocolates
- Market: Flatiron District
- Broker Representatives: Ross Berkowitz & Jason Stein - Newmark
L.A. Burdick Chocolates has signed a lease for its second New York City location and eighth nationwide, marking a significant expansion in its operations. The deal was facilitated by brokers Ross Berkowitz and Jason Stein from Newmark, representing the interests of the involved parties.
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
52876.67%
Cash-on-Cash
-15112.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93