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:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1440 Broadway, New York, NY, 10018
- Square Feet: 33,893
- Tenant: Land N Sea Distributing
- Landlord: Sean Combs Enterprises
- Tenant's Rep: Marc Kritzer-Kritzer Realty
- Landlord's Rep: Daniel Thompson-Savills, Eury Vargas-Savills Studley
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
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