Cineflix Media Leases 10770 Square Feet At 49 Broad St New York From Reputation Institute With Joel Wechsler Rep
49 Broad St, New York, NY, 10004
Building Size
10,770 SF
Asset Type
—
Closing
Nov 20, 2023
AI
The property asset involved in this transaction is located at 49 Broad St, New York, NY, 10004. It encompasses a total area of 10,770 square feet and is situated within the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 49 Broad St, New York, NY, 10004
- Landlord: Reputation Institute
- Tenant: Cineflix Media
- Landlord's Representative: Joel Wechsler-CBRE
This transaction highlights the involvement of landlord Reputation Institute leasing the property to tenant Cineflix Media, with Joel Wechsler from CBRE representing the landlord in this deal.
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