Renfro Corporation Leases 29,952 SF At 1400 Broadway New York Represented By James Robbins CBRE
1400 Broadway, New York, NY, 10018
$64
$64/SF
Building Size
29,952 SF
Asset Type
Office
Closing
Jul 28, 2017
About this deal
AI
The lease involves a property located at 1400 Broadway, New York, NY, 10018. It spans a total of 29,952 square feet and is situated within the New York market. The rent per square foot is set at $64.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1400 Broadway, New York, NY, 10018
- Market: New York
- Tenant: Renfro Corporation
- Landlord: Empire State Realty Trust
- Tenant's Representative: James Robbins - CBRE
This deal highlights the involvement of Renfro Corporation as the tenant, while Empire State Realty Trust acts as the landlord. James Robbins from CBRE represents Renfro Corporation in this transaction, facilitating the leasing process.
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
247859.38%
Cash-on-Cash
-70838.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93