facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Lease

/

1333 Broadway, New York, NY...

Sanne Leases 20865 Square Feet At 1333 Broadway New York From Empire State Realty Trust
LEASEDOffice

Sanne Leases 20865 Square Feet At 1333 Broadway New York From Empire State Realty Trust

1333 Broadway, New York, NY, 10018

Building Size

20,865 SF

Asset Type

Office

Closing

Oct 15, 2020

AI

The property asset involved in this lease transaction is located at 1333 Broadway, New York, NY, 10018. It is situated in the New York market and encompasses a total area of 20,865 square feet.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 1333 Broadway, New York, NY, 10018
  • Square Feet: 20,865
  • Tenant: Sanne
  • Landlord: Empire State Realty Trust
  • Broker Representation: Jared Freede & Jon C. Sarkisian - CBRE

The deal features Sanne as the tenant, while the landlord is Empire State Realty Trust. The transaction was facilitated by the brokerage team of Jared Freede and Jon C. Sarkisian from CBRE, representing the involved parties in this lease agreement.

Players

Jared Freede

CBRE

Broker

14 deals

Broker
Empire State Realty Trust
Empire State Realty TrustLandlord

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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