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1240 Broadway, New York, NY...

Prometric Leases 11600 Square Feet At 1240 Broadway New York Represented By Cushman & Wakefield
LEASEDOffice

Prometric Leases 11600 Square Feet At 1240 Broadway New York Represented By Cushman & Wakefield

1240 Broadway, New York, NY, 10001

Building Size

11,600 SF

Asset Type

Office

Closing

Jul 28, 2015

AI

The lease transaction involves a property located at 1240 Broadway, New York, NY, 10001, encompassing a total area of 11,600 square feet. The market for this transaction is New York, and it specifically pertains to the lease signed by Prometric with Jamestown as the landlord.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 1240 Broadway, New York, NY, 10001
  • Market: New York
  • Tenant: Prometric
  • Landlord: Jamestown
  • Tenant's Representative: Jamie Smith (Cushman & Wakefield), Jonathan Schindler (Cushman & Wakefield)
  • Landlord's Representative: Justin Royce (Cushman & Wakefield), Adam Nelson (Cushman & Wakefield)
  • Square Feet: 11,600

Prometric was represented by Cushman & Wakefield's agents Jonathan Schindler and Jamie Smith in this transaction. The landlord, Jamestown, was represented by Justin Royce and Adam Nelson, also from Cushman & Wakefield.

Players

Justin Royce

Cushman & Wakefield

Broker

15 deals

Broker
Jamestown
JamestownLandlord

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