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1412 Broadway, New York, NY...

Outerstuff Leases 50500 Square Feet At 1412 Broadway New York With Landlord AB & Sons
LEASEDOffice

Outerstuff Leases 50500 Square Feet At 1412 Broadway New York With Landlord AB & Sons

1412 Broadway, New York, NY, 10018

Building Size

50,500 SF

Asset Type

Office

Closing

Oct 21, 2021

AI

The property involved in this transaction is located at 1412 Broadway, New York, NY, 10018. It encompasses a total of 50,500 square feet and is situated in the New York market.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 1412 Broadway, New York, NY, 10018
  • Landlord: AB & Sons
  • Tenant: Outerstuff
  • Landlord's Representative: Howard Kesseler - Newmark

This lease agreement was facilitated by Howard Kesseler, acting as the representative for the landlord, AB & Sons, in the deal with the tenant, Outerstuff. The transaction reflects the collaboration between the involved parties to secure the leasing of the specified property.

Players

Howard Kesseler

Newmark

Broker

$37.3M

vol

11 deals

Broker
AS
AB & SonsLandlord

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