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1430 Broadway, New York, NY...

Bachrach Group Leases 15800 Square Feet At 1430 Broadway New York For $52 Per SF
LEASEDOffice

Bachrach Group Leases 15800 Square Feet At 1430 Broadway New York For $52 Per SF

1430 Broadway, New York, NY, 10018

$52

$52/SF

Building Size

15,800 SF

Asset Type

Office

Closing

Oct 24, 2019

AI

A lease transaction has taken place at 1430 Broadway, New York, NY, 10018. The property spans 15,800 square feet with a rent of $52 per square foot in the New York market.

Summary of transaction details:

The deal involves key individuals representing the tenant and the landlord, showcasing the collaboration of multiple parties in the transaction. James Cleary from SquareFoot and Jeffrey Rosenblatt from Lincoln Property Company represented the tenant, while Kenneth Kronstadt from Newmark Grubb Knight Frank represented the landlord.

Players

James Cleary

SquareFoot

Broker

1 deal

Broker
SM
Steinberg & Pokoik ManagementLandlord

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

305057.69%

Cash-on-Cash

-87186.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93