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1501 Broadway New York, New...

Flexibility Capital Leases 7,111 SF Office Space At 1501 Broadway, Manhattan
LEASEDOffice

Flexibility Capital Leases 7,111 SF Office Space At 1501 Broadway, Manhattan

1501 Broadway New York, New York 10036, Usa

Building Size

7,111 SF

Asset Type

Office

Closing

Jul 6, 2023

AI

Flexibility Capital has secured a lease for a 7,111-square-foot office space located at 1501 Broadway in Manhattan. The transaction was facilitated by Newmark brokers Stephen Gordon, Matthew Leon, and Nathan Kropp who represented the landlord, Paramount Leasehold LP.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Address: 1501 Broadway, Manhattan
  • Market: Manhattan
  • Asset Type: Office
  • Square Footage: 7,111

Flexibility Capital, a tenant, has successfully secured a lease for a 7,111-square-foot office space located at 1501 Broadway in Manhattan. Representing the landlord, Paramount Leasehold LP, the transaction was facilitated by Newmark brokers Stephen Gordon, Matthew Leon, and Nathan Kropp.

Players

Stephen Gordon

Broker

4 deals

Broker
PL
Paramount Leasehold LPLandlord

Thunder Bay 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