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:
- Property Type: Office
- Transaction Amount: $57/ft
- Address: 115 Broadway
- Market: Financial District
- Landlord: Capital Properties
- Tenant: James Corrigan - GoldenSource
- Landlord's Representative: Brett Stein & David Berke - Newmark
- Tenant's Representative: Aidan Campbell, JP Howard & Michael Joseph - Colliers
- Lease Term: Six-year lease
- Previous Location: 16th floor of 111 Broadway
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
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