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
New York CRE Market Snapshot
Boundary boundary · CRE · Lease transactions
Loading comparables…
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