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1481 Broadway, New York, NY...

Rémy Cointreau Leases Office Space At 1481 Broadway, New York For 29,852 Sq Ft
LEASEDOffice

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:

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

Peter Sabesan

Broker

7 deals

Broker
Rudin Management Company
Rudin Management CompanyLandlord

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