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
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