Swingers Leases 22000 SF At 1227 Broadway New York With Tenant's Rep Amy Zhen
1227 Broadway, New York, NY, 10001
$110
$110/SF
Building Size
22,000 SF
Asset Type
Hotel
Closing
Nov 19, 2023
AI
The property involved in the transaction is located at 1227 Broadway, New York, NY, 10001. This lease transaction encompasses a space of 22,000 square feet, with a rental rate of $110 per square foot in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: $110 per SF
- Address: 1227 Broadway, New York, NY, 10001
- Market: New York
- Tenant: Swingers
- Landlord: Lam Group
- Tenant's Representative: Amy Zhen (Cushman & Wakefield)
Key individuals in this transaction include Amy Zhen, representing the tenant Swingers through Cushman & Wakefield, and Lam Group, the landlord in this deal.
Players
New York Hotel Market Snapshot
Boundary boundary · Hotel · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
144209.09%
Cash-on-Cash
-41215.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93