Rizzo Group Leases 11835 Square Feet At 1350 Broadway New York From Empire State Realty Trust
1350 Broadway, New York, NY, 10018
Building Size
11,835 SF
Asset Type
Office
Closing
Jul 6, 2021
About this deal
AI
The property asset involved in this transaction is located at 1350 Broadway, New York, NY, 10018. It comprises 11,835 square feet and is situated in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1350 Broadway, New York, NY, 10018
- Market: New York
- Square Feet: 11,835
- Tenant: Rizzo Group
- Landlord: Empire State Realty Trust
- Tenant's Representative: Charles T. Gerace II (JLL), Christopher Kraus (JLL)
- Landlord's Representative: Keith Cody
Key individuals involved in the deal include the tenant Rizzo Group and the landlord Empire State Realty Trust, with representation from Charles T. Gerace II and Christopher Kraus of JLL for the tenant, and Keith Cody representing the landlord.
On the Map
Office
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Players
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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