Giaronomo Productions Leases 7620 SF At 1501 Broadway New York From Paramount Leasehold
1501 Broadway, New York, NY, 10036
$53
$53/SF
Building Size
7,620 SF
Asset Type
Office
Closing
May 24, 2017
About this deal
AI
The property asset involved in this transaction is located at 1501 Broadway, New York, NY, 10036. The market for this property is New York, and it encompasses a total square footage of 7,620. The rent per square foot is set at $53.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1501 Broadway, New York, NY, 10036
- Market: New York
- Tenant: Giaronomo Productions
- Landlord: Paramount Leasehold
- Tenant's Representative: Francis Santangelo
- Rent/SF: $53
- Square Feet: 7,620
This transaction involves Giaronomo Productions as the tenant, with Francis Santangelo representing them. The landlord involved in the lease is Paramount Leasehold, marking a significant agreement in the New York market.
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
299301.89%
Cash-on-Cash
-85541.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93