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:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1333 Broadway, New York, NY, 10018
- Market: New York
- Landlord: Global Brands Group
- Tenant: Excell
- Landlord's Representatives: Alexander Chudnoff (JLL), Benjamin Bass (JLL), Daniel Turkewitz (JLL)
- Square Feet: 29,566
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
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