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
About this deal
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.
On the Map
Players
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