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
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