LightBox Leases 3489 Sq. Ft. Office Space At 1450 Broadway, New York
1450 Broadway, New York, NY, 10018
Building Size
3,489 SF
Asset Type
Office
Closing
May 7, 2021
AI
The office property located at 1450 Broadway in New York, NY, 10018, boasting 3489 square feet, was leased on 05/07/2021. The landlord, ZG Capital Partners, secured the deal with the tenant, LightBox, in the bustling New York market. Kip Orban of JLL represented the landlord in this transaction.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Landlord: ZG Capital Partners
- Tenant: LightBox
- Square Feet: 3489
- Market: New York
- Landlord's Rep: Kip Orban (JLL)
The lease agreement for the office space at 1450 Broadway, New York, involved key players such as the landlord's representative, Kip Orban of JLL, who facilitated the deal between ZG Capital Partners and LightBox. The successful transaction exemplifies the collaborative efforts of the parties involved in the New York real estate market.
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