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1410 Broadway, New York Cit...

WSC Sports Leases Office Space At 1410 Broadway In Times Square South
LEASEDOffice

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

Daniel Lolai

LSL Advisors

Broker

$211.9M

vol

91 deals

Broker

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