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111 Broadway, New York, NY,...

Investors Bank Leases 14116 Square Feet At 111 Broadway New York With Tenant's Rep Jason Kroeger
LEASEDOffice

Investors Bank Leases 14116 Square Feet At 111 Broadway New York With Tenant's Rep Jason Kroeger

111 Broadway, New York, NY, 10006

Building Size

14,116 SF

Asset Type

Office

Closing

Nov 10, 2020

AI

The property asset involved in the transaction is located at 111 Broadway, New York, NY, 10006. This lease includes a total square footage of 14,116. The market for this asset is New York. The landlord for this property is Capital Properties.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 111 Broadway, New York, NY, 10006
  • Market: New York
  • Tenant: Investors Bank
  • Landlord: Capital Properties
  • Tenant's Representative: Jason Kroeger, Cushman & Wakefield
  • Landlord's Representatives: Adam Foster, CBRE; Adam Leshowitz, CBRE; Bradley (Brad) Gerla, CBRE
  • Square Feet: 14,116

The deal includes key individuals and companies such as tenant Investors Bank represented by Jason Kroeger from Cushman & Wakefield while the landlord Capital Properties is represented by Adam Foster, Adam Leshowitz, and Bradley (Brad) Gerla from CBRE.

Players

Patrick Dugan

Cushman & Wakefield

Broker

$180M

vol

9 deals

Broker
Investors Bank
Investors BankLender
Investors Bank
Investors BankTenant

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