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
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