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111 Broadway, New York, NY,...

Johannes Leonardo Leases 52400 Square Feet At 111 Broadway New York From Capital Properties With Daniel Breiman As Tenant's Rep
LEASEDOffice

Johannes Leonardo Leases 52400 Square Feet At 111 Broadway New York From Capital Properties With Daniel Breiman As Tenant's Rep

111 Broadway, New York, NY, 10006

Building Size

52,400 SF

Asset Type

Office

Closing

Nov 19, 2023

AI

An office lease has been executed for an advertising agency at Trinity Centre, which comprises two buildings. The leased space spans 52,400 square feet, located at 111 Broadway, New York, NY, 10006, within the New York market.

Summary of transaction details:

  • Property Type: Office Lease
  • Transaction Amount: Not Disclosed
  • Address: 111 Broadway, New York, NY, 10006
  • Tenant: Johannes Leonardo
  • Tenant's Representative: Daniel Breiman
  • Landlord: Capital Properties
  • Landlord's Representative: Adam Foster, Brad Gerla, Adam Leshowitz, Mike Rizzo of CBRE
  • Occupancy Start Date: July

Negotiations for the lease were handled by CBRE, representing the landlord Capital Properties. Daniel Breiman of Olmstead Properties represented the tenant, Johannes Leonardo, in securing the lease at this location.

Players

Daniel Breiman

Olmstead Properties

Broker

8 deals

Broker
CP
Capital PropertiesLandlord

New York Office Market Snapshot

Boundary boundary · Office · 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