Christie Lites Broadway Leases 2,463-SF Office Space At 1560 Broadway In Times Square
1560 Broadway New York, NY 10036, USA
$78
$78/SF
Building Size
2,463 SF
Asset Type
Office
Closing
May 31, 2023
About this deal
AI
Christie Lites Broadway has secured a 10-year lease for a 2,463-square-foot office space on the seventh floor of 1560 Broadway in Times Square. The office space is located in New York and is owned by GFP Real Estate, represented by Alan Steinberg. The leasing transaction was facilitated by Colliers.
Summary of transaction details
- Property Type: Office
- Transaction Amount: N/A
- Address: 1560 Broadway
- Market: New York
- Tenant: Christie Lites Broadway
- Landlord: GFP Real Estate - Alan Steinberg
- Broker: Colliers
- Asking Rent: $78/ft. ~ SF: 2,463
- Lease Terms: 10-year
The lease deal at 1560 Broadway was successfully negotiated by Christie Lites Broadway, with GFP Real Estate as the landlord. Alan Steinberg, representing GFP Real Estate, facilitated the lease agreement. Colliers acted as the broker in the transaction.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
203371.79%
Cash-on-Cash
-58124.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93