Alpine Global Management Leases 6809 Square Feet At 140 Broadway New York With Union Investment
140 Broadway, New York, NY, 10005
Building Size
6,809 SF
Asset Type
Office
Closing
Sep 2, 2021
About this deal
AI
The leased property is located at 140 Broadway, New York, NY, 10005. It has a total area of 6,809 square feet and is situated within the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 140 Broadway, New York, NY, 10005
- Market: New York
- Tenant: Alpine Global Management
- Landlord: Union Investment
- Tenant's Representative: Cooper Weisman (Newmark)
- Landlord's Representative: Edward Mombello (Cushman & Wakefield)
This transaction involved key individuals representing both sides, with Cooper Weisman from Newmark acting on behalf of the tenant, Alpine Global Management, while Edward Mombello from Cushman & Wakefield represented the landlord, Union Investment.
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