Tenant Representative Jonathan Schindler Of Cushman & Wakefield Leases 20766 SF At 115 Broadway
115 Broadway, New York, NY, 10006
$15
$15/SF
Building Size
20,766 SF
Asset Type
Office
Closing
May 9, 2022
About this deal
AI
The property asset involved in the transaction is located at 115 Broadway, New York, NY, 10006. The lease encompasses a total area of 20,766 square feet with a rent of $15 per square foot. The transaction occurs within the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 115 Broadway, New York, NY, 10006
- Market: New York
- Rent/SF: $15
- Square Feet: 20,766
- Tenant: Not specified
- Landlord: Capital Properties
- Tenant's Representative: Jonathan Schindler - Cushman & Wakefield
- Landlord's Representative: Hani Salama - Capital Properties
The deal involves representatives from both sides, with Jonathan Schindler from Cushman & Wakefield acting for the tenant and Hani Salama representing the landlord, Capital Properties. Their roles were crucial in facilitating the lease agreement for the property located at 115 Broadway.
On the Map
$15
$15/SF
Office
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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
1057533.33%
Cash-on-Cash
-302246.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93