KIPP Foundation Leases 1501 Broadway Office Space In New York Deal
1501 Broadway, New York, NY, 10036
Building Size
18,680 SF
Asset Type
Office
Closing
Nov 2, 2018
AI
The office property located at 1501 Broadway in New York, NY, 10036, encompassing 18,680 square feet, was leased on November 2, 2018. The lease transaction involved the KIPP Foundation as the tenant represented by Lauren Davidson from Transwestern, and Paramount Leasehold as the landlord.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Tenant: KIPP Foundation
- Tenant's Rep: Lauren Davidson (Transwestern)
- Landlord: Paramount Leasehold
- Square Feet: 18,680
- Market: New York
Notable individuals in the deal included Lauren Davidson from Transwestern, representing the tenant, KIPP Foundation, and Paramount Leasehold as the landlord.
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