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
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