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1450 Broadway, New York, NY...

Updated Oct 29, 2024

LightBox Leases 3489 Sq. Ft. Office Space At 1450 Broadway, New York
LEASEDOffice

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

About this deal

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.

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Players

Kip Orban

JLL

Broker

5 deals

Broker
Capital Partners
Capital PartnersLandlord
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New York Office Market Snapshot

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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

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