Rémy Cointreau Leases Office Space At 1481 Broadway, New York For 29,852 Sq Ft
1481 Broadway, New York, NY, 10036
Building Size
29,852 SF
Asset Type
Office
Closing
Jan 23, 2023
AI
The office property located at 1481 Broadway in New York, NY, 10036, boasts a total of 29,852 square feet. The lease transaction for this asset was completed on January 23, 2023.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Tenant: Rémy Cointreau
- Tenant's Reps: Nicholas Markel(Cresa), Richard Selig(Cresa)
- Landlord: Rudin Management Company
- Landlord's Rep: Tom Keating(Rudin Management Company)
- Tenant's Broker: Ron Lo Russo(Cushman & Wakefield)
The deal involved Nicholas Markel and Richard Selig from Cresa as representatives for the tenant, Rémy Cointreau, and Tom Keating from Rudin Management Company as the landlord's representative. Ron Lo Russo from Cushman & Wakefield acted as the broker facilitating the lease transaction.
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