Christine Valmy International School For Esthetics Leases 24000 Square Feet From Paramount Leasehold In New York
1501 Broadway, New York, NY, 10036
Building Size
24,000 SF
Asset Type
Office
Closing
Dec 7, 2017
About this deal
AI
The property involved in the transaction is located at 1501 Broadway, New York, NY, 10036. This asset encompasses a total square footage of 24,000. The market for this lease transaction is New York.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1501 Broadway, New York, NY, 10036
- Tenant: Christine Valmy International School for Esthetics
- Landlord: Paramount Leasehold
- Tenant's Representative: Jordan Mandel
This transaction underscores the collaboration between the tenant, Christine Valmy International School for Esthetics, and the landlord, Paramount Leasehold. Jordan Mandel represents the tenant in this leasing agreement.
Players
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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