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1240 Broadway, New York, NY...

APCO Worldwide Leases 15356 Square Feet From Global Holdings Management Group At 1240 Broadway
LEASEDOffice

APCO Worldwide Leases 15356 Square Feet From Global Holdings Management Group At 1240 Broadway

1240 Broadway, New York, NY, 10001

Building Size

15,356 SF

Asset Type

Office

Closing

Jan 6, 2022

AI

The property involved in this lease transaction is located at 1240 Broadway, New York, NY, 10001. The total square footage of the leased space is 15,356. The lease is situated in the New York market, under the management of Global Holdings Management Group.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 1240 Broadway, New York, NY, 10001
  • Market: New York
  • Square Feet: 15,356
  • Tenant: APCO Worldwide
  • Landlord: Global Holdings Management Group
  • Tenant's Representative: Joseph DeRosa - CBRE
  • Brokers: David Mahoney - Sotheby's International Realty, David Mahoney - CBRE

The key individuals involved in this transaction include Joseph DeRosa representing the tenant, APCO Worldwide, and David Mahoney, who served as a broker from both Sotheby's International Realty and CBRE. Their roles contributed to the successful execution of the lease agreement for the property at 1240 Broadway.

Players

David Mahoney

Sotheby's International Realty

Broker

$5.6M

vol

3 deals

Broker
Global Holdings Management Group
Global Holdings Management GroupBrokerage

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