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1501 Broadway, New York, NY...

Hardesty & Hanover Leases 17656 Square Feet At 1501 Broadway New York From Paramount Leasehold
LEASEDOffice

Hardesty & Hanover Leases 17656 Square Feet At 1501 Broadway New York From Paramount Leasehold

1501 Broadway, New York, NY, 10036

Building Size

17,656 SF

Asset Type

Office

Closing

Nov 2, 2018

AI

The property asset involved in this transaction is located at 1501 Broadway, New York, NY, 10036. This lease transaction encompasses a total area of 17,656 square feet and is situated in the New York market.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 1501 Broadway, New York, NY, 10036
  • Market: New York
  • Tenant: Hardesty & Hanover
  • Landlord: Paramount Leasehold
  • Tenant's Representative: Koa Thomas-Fredericks - EXP Realty

This deal involves key representatives, including Koa Thomas-Fredericks, acting on behalf of the tenant Hardesty & Hanover, while the landlord Paramount Leasehold is the property owner in this transaction.

Players

Koa Thomas-Fredericks

EXP Realty

Broker

4 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage

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