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
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