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597 Broadway

Ethem Gungor Leases Retail Space To Milla Trade NA, Inc. At 597 Broadway In Soho
LEASEDRetail

Ethem Gungor Leases Retail Space To Milla Trade NA, Inc. At 597 Broadway In Soho

597 Broadway

$68

$68/SF

Building Size

4,500 SF

Asset Type

Retail

Closing

Apr 1, 2025

AI

The property involved in this transaction is a retail asset located at 597 Broadway, Soho, Manhattan. The asking rent for this space is set at $68 per square foot for a total of 4,500 square feet. The lease structure is a modified gross lease and has a term of 5 years.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $68/ft
  • Lease Term: 5 Years
  • Lease Type: Modified Gross Lease
  • Address: 597 Broadway
  • Market: Soho, Manhattan
  • Landlord: Ethem Gungor
  • Tenant: Milla Trade NA, Inc. - Zoryana Senyshyn
  • Landlord's Rep: Bryan Ware - The Corcoran Group
  • Tenant's Rep: Halyna Chyrva - Equity Essentials LLC

This transaction was facilitated with representation from Bryan Ware of The Corcoran Group acting on behalf of the landlord, Ethem Gungor, and Halyna Chyrva of Equity Essentials LLC representing the tenant, Milla Trade NA, Inc. - Zoryana Senyshyn.

Players

Halyna Chyrva

Equity Essentials LLC

Broker

$4.5M

vol

4 deals

Broker
Equity Essentials LLC
Equity Essentials LLC Brokerage

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

233279.41%

Cash-on-Cash

-66671.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93