facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Lease

/

1239 Broadway, 1239 Broadwa...

Ampla Leases Office Space At 1239 Broadway In NoMad
LEASEDOffice

Ampla Leases Office Space At 1239 Broadway In NoMad

1239 Broadway, 1239 Broadway, New York City, New York 10001, United States

Building Size

12,500 SF

Asset Type

Office

Closing

Dec 1, 2021

AI

An office space located at 1239 Broadway in the NoMad market has been leased. The property, measuring 12,500 square feet, was leased by the tenant, Ampla. The landlord of the property is Justin Management. The leasing deal was facilitated by the tenant's representatives, Matthew DeRose and William Janetschek from Nomad Group, and the landlord's representative, Adam Justin from Justin Management. The asking rent for the space was $55 per square foot.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Lease
  • Date: 12/01/2021
  • Address: 1239 Broadway
  • Market: NoMad

The deal involved Ampla as the tenant, leasing the office space at 1239 Broadway in NoMad. The tenant's representatives, Matthew DeRose and William Janetschek from Nomad Group, facilitated the deal on behalf of Ampla. On the other side, the landlord, Justin Management, was represented by Adam Justin from Justin Management. The leasing transaction was finalized at an asking rent of $55 per square foot.

Players

Matthew DeRose
Verified Badge

Matthew DeRose

Nomad Group

Broker

35 deals

Broker

William Janetschek

Nomad Group

Broker

$3.8M

vol

30 deals

Broker
Adam Justin

Adam Justin

Management

Landlord

$235.5M

vol

17 deals

Landlord

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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