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
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