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1900 Broadway, New York, NY...

Viam Leases 54000 Square Feet At 1900 Broadway New York Represented By Ephraim Setton And Carlee Palmer
LEASEDCommercial

Viam Leases 54000 Square Feet At 1900 Broadway New York Represented By Ephraim Setton And Carlee Palmer

1900 Broadway, New York, NY, 00000

Building Size

54,000 SF

Asset Type

Commercial

Closing

Oct 13, 2021

AI

The property asset involved in this transaction is located at 1900 Broadway, New York, NY. It is a lease for a total of 54,000 square feet within the New York market.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 1900 Broadway, New York, NY
  • Market: New York
  • Square Feet: 54,000
  • Tenant: Viam
  • Landlord: Ogden CAP Properties
  • Tenant's Representative: Ephraim Setton - R New York
  • Landlord's Representative: Carlee Palmer - JLL
  • Brokers: Frank Doyle - JLL

The deal involves represented parties, with Ephraim Setton facilitating the transaction for the tenant, Viam, while Carlee Palmer handled the interests of the landlord, Ogden CAP Properties. Frank Doyle, also with JLL, was involved as a broker for the deal.

Players

Ephraim Setton

R New York

Broker

$7.4M

vol

3 deals

Broker
OP
Ogden CAP PropertiesLandlord

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