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1540 Broadway, New York, NY...

Pandora Leases 27936 SF Office Space At 1540 Broadway, New York
LEASEDOffice

Pandora Leases 27936 SF Office Space At 1540 Broadway, New York

1540 Broadway, New York, NY, 10001

Building Size

27,936 SF

Asset Type

Office

Closing

Dec 13, 2022

AI

The leased property at 1540 Broadway in New York, NY, 10001 is an office space spanning 27,936 square feet. The lease was finalized on December 13, 2022. The tenant, Pandora, was represented by Peter Michailidis and Robert (Bob) Gibson of JLL, while the landlord is HSBC.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Tenant: Pandora
  • Tenant's Representatives: Peter Michailidis(JLL), Robert (Bob) Gibson(JLL)
  • Landlord: HSBC
  • Square Feet: 27,936

The deal involved the tenant Pandora, a prominent tenant in the office space market, and the landlord HSBC. The tenant's representatives, Peter Michailidis and Robert (Bob) Gibson from JLL, played a crucial role in facilitating the lease agreement for the office space located at 1540 Broadway, New York.

Players

Peter Michailidis

JLL

Broker

$49.5M

vol

7 deals

Broker
HSBC
HSBC Lender
HSBC
HSBC Landlord
Pandora
PandoraTenant

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