WSC Sports Leases Office Space At 1410 Broadway In Times Square South
1410 Broadway, New York City, New York 10018, United States
Building Size
10,200 SF
Asset Type
Office
Closing
Sep 1, 2022
AI
The office building located at 1410 Broadway in Times Square South has been leased. The lease transaction was finalized on 09/02/2022 with the tenant, WSC Sports, signing the lease agreement. The office space, spanning 10,200 square feet, was leased from LH Charney, the landlord. The asking rent for the space was $59 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Lease
- Address: 1410 Broadway
- Market: Times Square South
The leasing deal was facilitated by the following brokers: Eric Siegel, Daniel Lolai, and Raphi Zar from LSL Advisors, as representatives of the tenant, and Michael Joseph and Taylor Bell from Colliers, as representatives of the landlord.
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