Ikeddi Enterprises Leases 22318 Square Feet At 1407 Broadway New York From Shorenstein Properties
1407 Broadway, New York, NY, 10018
Building Size
22,318 SF
Asset Type
Office
Closing
Nov 20, 2023
About this deal
AI
The property involved in this lease transaction is located at 1407 Broadway, New York, NY, 10018. It is situated in the New York market and encompasses a total square footage of 22,318.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Ikeddi Enterprises
- Landlord: Shorenstein Properties
- Tenant's Representative: Jason Birk - Olmstead Properties
This transaction features key individuals and companies, with Jason Birk representing Ikeddi Enterprises in the lease agreement with Shorenstein Properties as the landlord, facilitating the terms between both parties involved in the deal.
On the Map
Office
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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