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
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