Canna Business Resources Leases Office Space At 1407 Broadway In Times Square South
1407 Broadway, New York City, New York 10018, United States
$58
$58/SF
Building Size
12,850 SF
Asset Type
Office
Closing
Sep 6, 2022
AI
A lease transaction has taken place at 1407 Broadway in Times Square South. The property, an office space, has been leased by Canna Business Resources. The deal was brokered by Daniel Lolai, Wayne Siegel, and Eric Siegel from LSL Advisors, and Garett Varricchio and Sayo Kamara from Cushman & Wakefield. The lease was executed on 09/07/2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1407 Broadway
- Market: Times Square South
The landlord of the property is Shorenstein. The tenant, Canna Business Resources, has successfully leased the office space. The transaction was facilitated by the brokers: Daniel Lolai, Wayne Siegel, and Eric Siegel from LSL Advisors, and Garett Varricchio and Sayo Kamara from Cushman & Wakefield.
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
273500.00%
Cash-on-Cash
-78167.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93