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1107 Broadway, New York, NY...

PetSmart Leases 16000 Square Feet At 1107 Broadway New York From Savanna With Hilary Sievers As Landlord's Representative
LEASEDMultiFamily

PetSmart Leases 16000 Square Feet At 1107 Broadway New York From Savanna With Hilary Sievers As Landlord's Representative

1107 Broadway, New York, NY, 10010

Building Size

16,000 SF

Asset Type

MultiFamily

Closing

Apr 25, 2017

AI

1107 Broadway is located in New York, NY, 10010, and has a total area of 16,000 square feet. The property is part of the New York market and is currently leased to PetSmart. The landlord of the building is Savanna.

Summary of transaction details:

PetSmart was represented by RKF vice chairman Ariel Schuster and vice president Brian Segall, along with Metro Commercial's Brian Goodwin. The landlord, Savanna, was represented by JLL's Hilary Sievers and Amy Zhen. NOTE: PetSmart signed a 16K SF lease at Savanna's building at 10 Madison Square West.

Players

Brian Segall

Newmark

Broker

$175.2M

vol

14 deals

Broker
KR
KBS Strategic Opportunity REITLandlord
P
PetSmartTenant

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · 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