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1400 Broadway, New York, NY...

Transit Wireless Leases 32499 Square Feet At 1400 Broadway New York From Empire State Realty Trust
LEASEDOffice

Transit Wireless Leases 32499 Square Feet At 1400 Broadway New York From Empire State Realty Trust

1400 Broadway, New York, NY, 10018

Building Size

32,499 SF

Asset Type

Office

Closing

Feb 4, 2021

AI

The property involved in the transaction is located at 1400 Broadway, New York, NY, 10018. It encompasses a total area of 32,499 square feet and is situated in the New York market.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 1400 Broadway, New York, NY, 10018
  • Square Feet: 32,499
  • Tenant: Transit Wireless
  • Landlord: Empire State Realty Trust
  • Broker: Jennifer Ogden - Avison Young

The deal involves Transit Wireless as the tenant and Empire State Realty Trust as the landlord. The transaction was brokered by Jennifer Ogden of Avison Young, representing the involved parties in the lease agreement.

Players

Jennifer Ogden

Avison Young

Broker

$10.3M

vol

2 deals

Broker
Empire State Realty Trust
Empire State Realty TrustBrokerage
Empire State Realty Trust
Empire State Realty TrustLandlord

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