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1407 Broadway, New York, NY...

Comcast Leases 100000 Square Feet At 1407 Broadway New York From Shorenstein Properties
LEASEDOffice

Comcast Leases 100000 Square Feet At 1407 Broadway New York From Shorenstein Properties

1407 Broadway, New York, NY, 10018

Building Size

100,000 SF

Asset Type

Office

Closing

Nov 10, 2017

AI

The property involved in the transaction is located at 1407 Broadway, New York, NY, 10018. It consists of 100,000 square feet of space and is situated in the New York market. The landlord for this lease is Shorenstein Properties.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 1407 Broadway, New York, NY, 10018
  • Market: New York
  • Square Feet: 100,000
  • Landlord's Representative: Keith Caggiano - Avison Young
  • Broker: David Fahey - Avison Young
  • Tenant: Comcast

This transaction features key individuals including Keith Caggiano, who represents the landlord, and David Fahey, who is the broker involved. The tenant in this deal is Comcast, which is leasing the specified square footage from Shorenstein Properties.

Players

David Fahey

Avison Young

Broker

1 deal

Broker
CBRE
CBREBrokerage
C
ComcastTenant

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