Labaton Sucharow Leases 57000 Square Feet At 140 Broadway New York From Union Investment
140 Broadway, New York, NY, 10005
Building Size
57,000 SF
Asset Type
Office
Closing
Jul 21, 2020
AI
The lease transaction involves 57,000 square feet of space located at 140 Broadway, New York, NY, 10005. The market for this transaction is New York, and it is governed by the terms agreed upon between the tenant and landlord.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Labaton Sucharow
- Landlord: Union Investment
- Tenant's Representatives: Dan Gronich - Newmark Grubb Knight Frank, Jason Perla - Newmark
This deal showcases the involvement of Labaton Sucharow as the tenant and Union Investment as the landlord, with Newmark Grubb Knight Frank representing the interests of the tenant through Dan Gronich and Jason Perla in this transaction.
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