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.
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