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1333 Broadway, New York, NY...

Excell Leases 29566 Square Feet At 1333 Broadway New York From Global Brands Group
LEASEDCommercial

Excell Leases 29566 Square Feet At 1333 Broadway New York From Global Brands Group

1333 Broadway, New York, NY, 10018

Building Size

29,566 SF

Asset Type

Commercial

Closing

Nov 19, 2023

AI

The lease involved a property located at 1333 Broadway, New York, NY, 10018, situated in the New York market. The space encompasses a total of 29,566 square feet and is leased by Excell from the landlord, Global Brands Group.

Summary of transaction details:

The transaction features key representatives from JLL including Alexander Chudnoff, Benjamin Bass, and Daniel Turkewitz, who represented the landlord in this lease deal. The involvement of these representatives highlights the brokerage support behind the transaction.

Players

Alexander Chudnoff

JLL

Broker

$38.2M

vol

19 deals

Broker

New York Commercial Market Snapshot

Boundary boundary · Commercial · 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