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
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