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1201 Broadway, New York, NY...

Fownes Brothers & Co. Leases 13,670 Sq Ft At 1201 Broadway New York Represented By JLL And Savills
LEASEDOffice

Fownes Brothers & Co. Leases 13,670 Sq Ft At 1201 Broadway New York Represented By JLL And Savills

1201 Broadway, New York, NY, 10001

Building Size

13,670 SF

Asset Type

Office

Closing

May 14, 2019

AI

The property asset involved in this transaction is located at 1201 Broadway, New York, NY, 10001. This lease transaction encompasses a total square footage of 13,670 in the New York market.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 1201 Broadway, New York, NY, 10001
  • Square Feet: 13,670
  • Tenant: Fownes Brothers & Co.
  • Landlord: Williams Equities
  • Tenant's Representatives: Evan Margolin - JLL, John Mambrino - Savills
  • Landlord's Representative: Charles Roos - Colliers International

Key individuals involved in the transaction include Evan Margolin and John Mambrino representing the tenant, while Charles Roos represents the landlord in this deal. Their agency affiliations are JLL, Savills, and Colliers International respectively.

Players

Evan Margolin

JLL

Broker

10 deals

Broker
WE
Williams EquitiesLandlord

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