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
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