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
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