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80 Broad St, New York, NY, ...

Broad Street Development Leases 25726 Square Feet At 80 Broad St New York To Tenant Rep Joe Cirone
LEASED

Broad Street Development Leases 25726 Square Feet At 80 Broad St New York To Tenant Rep Joe Cirone

80 Broad St, New York, NY, 10004

Building Size

25,726 SF

Asset Type

Closing

Nov 20, 2023

AI

The property asset involved in this transaction is located at 80 Broad St, New York, NY, 10004, within the New York market. The lease encompasses a total of 25,726 square feet and involves Broad Street Development as the landlord.

Summary of transaction details:

  • Property Type: LEASE
  • Transaction Amount: Not specified
  • Address: 80 Broad St, New York, NY, 10004
  • Market: New York
  • Square Feet: 25726
  • Landlord: Broad Street Development
  • Tenant's Representatives: Joseph (Joe) Cirone (CBRE), Jonathan Fein (Cushman & Wakefield)

The deal includes representation from Joseph (Joe) Cirone of CBRE and Jonathan Fein of Cushman & Wakefield, who acted as the tenant's representatives during the transaction. Their roles were pivotal in facilitating the lease agreement with Broad Street Development.

Players

Jonathan Fein

Cushman & Wakefield

Broker

7 deals

Broker
Broad Street Development
Broad Street DevelopmentLandlord

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