Adventureland Signs Lease At 1501 Broadway New York With Paramount Leasehold For $62/SF
1501 Broadway, New York, NY, 10036
$62
$62/SF
Building Size
10,109 SF
Asset Type
Office
Closing
Feb 15, 2017
About this deal
AI
The property asset involved in this transaction is located at 1501 Broadway, New York, NY, 10036. It encompasses a total square footage of 10,109 and has a rental rate of $62 per square foot. The market for this asset is New York.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1501 Broadway, New York, NY, 10036
- Market: New York
- Tenant: Adventureland
- Landlord: Paramount Leasehold
- Tenant's Representative: Dennis Karr - Newmark Grubb Knight Frank
- Rent/SF: $62
- Square Feet: 10,109
The deal features a significant involvement from key individuals and companies, with Dennis Karr representing the tenant, Adventureland, while the landlord is Paramount Leasehold. The eventual terms and conditions of the lease have been managed through these representatives to finalize the transaction.
On the Map
$62
$62/SF
Office
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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
255854.84%
Cash-on-Cash
-73124.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93