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1245 Broadway, New York, NY...

101 Studios Inks Lease Deal For 8300 SF Office Space In New York
LEASEDOffice

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

Lee Polster

Broker

$3.4M

vol

3 deals

Broker
G
GDSNYLandlord

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