Accessibe Inc. Leases Office Space At 1140 Broadway In Flatiron, NYC With Eric Siegel, Daniel Lolai & Michael Joseph - LSL Advisors
1140 Broadway, New York City, New York 10001, United States
Building Size
8,711 SF
Asset Type
Office
Closing
May 31, 2022
AI
Accessibe Inc. has signed a lease for a 8,711 square foot office space located at 1140 Broadway in the Flatiron market. The transaction was facilitated by Colliers as the landlord and the tenant was represented by Eric Siegel, Daniel Lolai, and Michael Joseph of LSL Advisors. The asking rent for the space was $59 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Lease
- Date: 06/01/2022
- Address: 1140 Broadway
- Market: Flatiron
The deal was brokered by Eric Siegel, Daniel Lolai, and Michael Joseph of LSL Advisors, who represented Accessibe Inc. in the transaction. The landlord, Colliers, facilitated the lease agreement.
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