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
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