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1407 Broadway, New York Cit...

Canna Business Resources Leases Office Space At 1407 Broadway In Times Square South
LEASEDOffice

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

Daniel Lolai

LSL Advisors

Broker

$211.9M

vol

92 deals

Broker
S
ShorensteinLandlord

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