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
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