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140 Broadway, New York, NY,...

Alpine Global Management Leases 6809 Square Feet At 140 Broadway New York With Union Investment
LEASEDOffice

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

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.

Players

Cooper Weisman

Newmark

Broker

7 deals

Broker
Union Investment
Union InvestmentLandlord

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