101 Studios Inks Lease Deal For 8300 SF Office Space In New York
1245 Broadway, New York, NY, 10001
Building Size
8,300 SF
Asset Type
Office
Closing
Aug 19, 2022
AI
The property at 1245 Broadway, New York, NY, 10001 is an office building spanning 8,300 square feet. The leasing transaction for this asset took place on 08/19/2022 in the New York market. The Landlord for this property is GDSNY, and the Tenant is 101 Studios. The Tenant's Representative in this deal is Lee Polster.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1245 Broadway, New York, NY, 10001
- Market: New York
- Tenant: 101 Studios
- Landlord: GDSNY
- Square Feet: 8,300
- Tenant's Rep: Lee Polster
This deal brought together 101 Studios as the Tenant, represented by Lee Polster, and GDSNY as the Landlord. The agreement for this office property signifies a significant business move for both parties involved, solidifying their roles in the New York real estate market.
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