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
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