facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Lease

/

1240 Broadway, New York, NY...

TransPerfect Leases 123516 Square Feet At 1240 Broadway New York With Broker John Isaacs
LEASEDOffice

TransPerfect Leases 123516 Square Feet At 1240 Broadway New York With Broker John Isaacs

1240 Broadway, New York, NY, 10001

Building Size

123,516 SF

Asset Type

Office

Closing

Feb 19, 2019

AI

The property involved in this transaction is located at 1240 Broadway, New York, NY, 10001. It comprises a total area of 123,516 square feet and is situated within the New York market.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 1240 Broadway, New York, NY, 10001
  • Market: New York
  • Square Feet: 123,516
  • Tenant: TransPerfect
  • Landlord: Global Holdings Management
  • Tenant's Rep: Christopher W. Mansfield-CBRE
  • Broker: John Isaacs-CBRE

This transaction highlights the involvement of key representatives in the leasing agreement. Christopher W. Mansfield from CBRE represents the tenant, TransPerfect, while John Isaacs from CBRE is the broker facilitating the transaction on behalf of the landlord, Global Holdings Management.

Players

John Isaacs

CBRE

Broker

9 deals

Broker
Global Holdings
Global HoldingsLandlord

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