LEASEDOffice
A24 Leases 41000 Square Feet Of Office Space At 1245 Broadway, New York
1245 Broadway, New York, NY, 10001
Building Size
41,000 SF
Asset Type
Office
Closing
Oct 25, 2021
About this deal
AI
The office property located at 1245 Broadway, New York, NY, 10001, is a 41,000 square foot space. The lease for this property was finalized on October 25, 2021.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Market: New York
- Landlord's Rep: Meghan Allen (CBRE)
- Tenant: A24
- Square Feet: 41000
Meghan Allen from CBRE represented the landlord in this office lease transaction. A24 is the tenant who secured this 41,000 square foot office space located in New York.
On the Map
Office
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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