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1140 Broadway, New York Cit...

Accessibe Inc. Leases Office Space At 1140 Broadway In Flatiron, NYC With Eric Siegel, Daniel Lolai & Michael Joseph - LSL Advisors
LEASEDOffice

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

Daniel Lolai

LSL Advisors

Broker

$211.9M

vol

91 deals

Broker
Colliers
ColliersLandlord

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