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:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 1430 Broadway, New York, NY, 10018
- Tenant: Bachrach Group
- Landlord: Steinberg & Pokoik Management
- Tenant's Representative: James Cleary - SquareFoot, Jeffrey Rosenblatt - Lincoln Property Company
- Landlord's Representative: Kenneth Kronstadt - Newmark Grubb Knight Frank
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
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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