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1140 Broadway

Colliers Int'L Leases 17,422 SF Office Space At 1140 Broadway In New York City To AccessiBe
LEASED

Colliers Int'L Leases 17,422 SF Office Space At 1140 Broadway In New York City To AccessiBe

1140 Broadway

$67

Building Size

Asset Type

Closing

Feb 23, 2023

AI

The office property located at 1140 Broadway in New York City has been leased. The lease transaction involved an office space measuring approximately 17,422 square feet. The lease term is set for 8 years.

Summary of transaction details:

  • Property Type: Office
  • Asking Rent: $67 per square foot
  • Lease Term: 8 years
  • Market: New York City

The landlord in this lease transaction is Colliers International, while the tenant is AccessiBe. The deal was facilitated by two brokerage teams. Daniel Lolai and Eric Siegel from LSL Advisors represented the tenant, AccessiBe. Michael Joseph and Charles Roos from Colliers International represented the landlord, Colliers Int'L.

Players

Daniel Lolai

LSL Advisors

Broker

$211.9M

vol

91 deals

Broker

New York CRE Market Snapshot

Boundary boundary · CRE · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

236761.19%

Cash-on-Cash

-67667.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93