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1227 Broadway, New York, NY...

Swingers Leases 22000 SF At 1227 Broadway New York With Tenant's Rep Amy Zhen
LEASEDHotel

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

Amy Zhen

Cushman & Wakefield

Broker

7 deals

Broker
LG
Lam GroupLandlord

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