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1440 Broadway, New York, NY...

Land N Sea Distributing Leases 33893 Square Feet At 1440 Broadway From Sean Combs Enterprises
LEASEDOffice

Land N Sea Distributing Leases 33893 Square Feet At 1440 Broadway From Sean Combs Enterprises

1440 Broadway, New York, NY, 10018

Building Size

33,893 SF

Asset Type

Office

Closing

Oct 11, 2018

AI

The property asset involved in this transaction is a lease at 1440 Broadway, New York, NY, 10018. The total square footage of the leased space is 33,893 square feet. This transaction took place in the New York market.

Summary of transaction details:

The deal was facilitated with the representation of Marc Kritzer from Kritzer Realty for the tenant and Daniel Thompson along with Eury Vargas from Savills for the landlord. These representatives played essential roles in the negotiation and execution of the lease agreement.

Players

Marc Kritzer

Kritzer Realty

Broker

3 deals

Broker
E
EnterprisesLandlord

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