Burrito Bear Leases Retail Space At 380 Broome Street From Dalan Management For $258/ft
380 Broome Street
$258
$258/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Jul 21, 2026
About this deal
AI
The property asset involved is a retail space located at 380 Broome Street in New York. The asset type is retail with a square footage of 1,000 SF. The asking rent for this lease is set at $258 per square foot.
Summary of transaction details:
- Property Type: Retail Lease
- Transaction Amount: $258/ft
- Landlord: Dalan Management
- Tenant: Burrito Bear
- Brokers: Noam Aziz, Carson Shahrabani & Joaquin Carrillo - Meridian Capital Group
- Lease Type: Retail Lease
The transaction involves a collaboration between Dalan Management as the landlord and Burrito Bear as the tenant, facilitated by the brokerage team from Meridian Capital Group, comprising Noam Aziz, Carson Shahrabani, and Joaquin Carrillo.
On the Map
$258
$258/SF
Retail
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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
61484.50%
Cash-on-Cash
-17572.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93