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809 Broadway

Chubby Group Leases Retail Space At 809 Broadway In Greenwich Village For $130/ft
LEASEDRetail

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:

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

Catherine O'Toole

Lee & Associates

Broker

$68.5M

vol

9 deals

Broker

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