Playfly Sports Leases 29500 Square Feet At 1333 Broadway New York From Empire State Realty Trust
1333 Broadway, New York, NY, 10018
Building Size
29,500 SF
Asset Type
Office
Closing
Oct 27, 2021
AI
The property involved in this transaction is located at 1333 Broadway, New York, NY, 10018. It encompasses a total area of 29,500 square feet and operates within the New York market. The landlord for this lease transaction is Empire State Realty Trust.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1333 Broadway, New York, NY, 10018
- Market: New York
- Square Feet: 29,500
- Landlord's Representative: Maria Travlos - Cushman & Wakefield
- Tenant: Playfly Sports
- Landlord: Empire State Realty Trust
- Brokers: Keith Cody
This lease transaction showcases the involvement of key representatives including the landlord's representative Maria Travlos from Cushman & Wakefield, who facilitated the agreement. Tenant Playfly Sports is the party entering into the lease for the property, while broker Keith Cody is associated with the deal.
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