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115 Broadway

GoldenSource Leases 7,570 SF Office Space At 115 Broadway In Financial District
LEASEDOffice

GoldenSource Leases 7,570 SF Office Space At 115 Broadway In Financial District

115 Broadway

$57

$57/SF

Building Size

7,570 SF

Asset Type

Office

Closing

Oct 16, 2024

AI

The property asset is an office space located at 115 Broadway in the Financial District. The total area of the space is 7,570 square feet. The asking rent for this new lease was set at $57 per square foot.

Summary of transaction details:

This transaction involves key representatives from both the landlord and tenant sides. Brett Stein and David Berke from Newmark represented the landlord, while Aidan Campbell, JP Howard, and Michael Joseph from Colliers represented the tenant, GoldenSource.

Players

Michael Joseph

Colliers

Broker

16 deals

Broker

Brooklyn 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

278298.25%

Cash-on-Cash

-79538.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93