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933 Broadway

L.A. Burdick Chocolates Signs 10-Year Lease At 933 Broadway From Thor Equities
LEASEDRetail

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

Ross Berkowitz

Newmark

Broker

21 deals

Broker
Thor Equities
Thor EquitiesLandlord

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