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1240 Broadway, New York, NY...

Perkins And Will Leases Office Space At 1240 Broadway Through JLL
LEASEDOffice

Perkins And Will Leases Office Space At 1240 Broadway Through JLL

1240 Broadway, New York, NY, 10001

Building Size

17,582 SF

Asset Type

Office

Closing

Sep 16, 2019

AI

The property at 1240 Broadway, New York, NY, 10001, is an office space spanning 17,582 square feet. The lease for this asset was executed on 09/16/2019 in New York. Perkins and Will leased this office space with Paul Fomichelli of JLL representing them. The landlord, Global Holdings Management Group, facilitated this transaction.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Tenant: Perkins and Will
  • Tenant's Rep: Paul Fomichelli (JLL)
  • Landlord: Global Holdings Management Group
  • Square Feet: 17,582

The involvement of Perkins and Will as the tenant, along with the representation by Paul Fomichelli of JLL, highlights the key individuals and companies in this lease transaction. Global Holdings Management Group, as the landlord, played a crucial role in securing this office space deal in the bustling market of New York.

Players

Paul Fomichelli

JLL

Broker

4 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