Chubby Group Leases Retail Space At 809 Broadway In Greenwich Village For $130/ft
809 Broadway
$130
$130/SF
Building Size
5,200 SF
Asset Type
Retail
Closing
Dec 13, 2024
AI
The property asset involved in this lease transaction is a retail space located at 809 Broadway in the Greenwich Village market. The asking rent is $130 per square foot for a total space of 5,200 square feet. This lease is categorized as a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $130/ft
- Address: 809 Broadway
- Market: Greenwich Village
- Square Footage: 5,200
- Lease Type: Modified Gross Lease
- Tenant: Chubby Group
- Brokers: Catherine O'Toole, Stephanie Moore, David Scher & Jordan Cohen - Lee & Associates
The brokers involved in this transaction are Catherine O'Toole, Stephanie Moore, David Scher, and Jordan Cohen, who represent Lee & Associates. O'Toole, the Executive Managing Director and Principal at Lee & Associates NYC, expressed excitement about securing Chubby Bowls' first location in Greenwich Village and noted that they have received exclusive agency for the entire building following the 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
122023.08%
Cash-on-Cash
-34874.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93