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1515 Broadway, New York, NY...

Fritz Kemerling Represents Tenant In Lease At 1515 Broadway New York For 1100 Square Feet
LEASED

Fritz Kemerling Represents Tenant In Lease At 1515 Broadway New York For 1100 Square Feet

1515 Broadway, New York, NY, 10010

Building Size

1,100 SF

Asset Type

Closing

Nov 19, 2023

AI

The property asset involved in this transaction is located at 1515 Broadway, New York, NY, 10010. This lease covers an area of 1,100 square feet within the New York market.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not Disclosed
  • Address: 1515 Broadway, New York, NY, 10010
  • Square Feet: 1,100
  • Market: New York
  • Tenant: Not Disclosed
  • Landlord: SL Green
  • Tenant's Representative: Fritz Kemerling (Atlantic Retail)
  • Landlord's Representative: Brett Hershenfeld (SL Green)

The key individuals involved in this transaction include Fritz Kemerling, who represents the tenant, and Brett Hershenfeld, representing SL Green, the landlord. Their roles were pivotal in facilitating this lease agreement in the New York market.

Players

Brett Herschenfeld

SL Green

Broker

1 deal

Broker
SL Green
SL GreenLandlord

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93