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434 Broadway, New York, NY,...

Elysium Health Leases 7205 SF At 434 Broadway New York From Savanna With JLL Rep
LEASEDMedical Office

Elysium Health Leases 7205 SF At 434 Broadway New York From Savanna With JLL Rep

434 Broadway, New York, NY, 10013

$75

$75/SF

Building Size

7,205 SF

Asset Type

Medical Office

Closing

May 16, 2017

AI

The property asset involved in this transaction is located at 434 Broadway, New York, NY, 10013. This lease transaction has a rent of $75 per square foot for a total space of 7,205 square feet. The market is New York, and the landlord is Savanna.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: $75/SF
  • Address: 434 Broadway, New York, NY, 10013
  • Market: New York
  • Landlord: Savanna
  • Tenant: Elysium Health
  • Landlord's Representatives: Kip Orban-JLL, Benjamin Bass-JLL

The transaction features Elysium Health as the tenant, which secures a space that supports its operational requirements. The deal involved representatives Kip Orban and Benjamin Bass from JLL, overseeing the landlord's interests throughout the lease agreement process.

Players

Benjamin Bass

JLL

Broker

$770M

vol

28 deals

Broker
CBRE
CBREBrokerage

New York Medical Office Market Snapshot

Boundary boundary · Medical Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

211506.67%

Cash-on-Cash

-60449.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93