New Mountain Capital Leases 108000 Square Feet At 1631 Broadway New York From Paramount Group
1631 Broadway, New York, NY, 10019
Building Size
108,000 SF
Asset Type
Office
Closing
Feb 5, 2019
AI
The lease transaction involves a property located at 1631 Broadway, New York, NY, 10019. The total square footage of the leased space is 108,000 square feet, situated in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not provided
- Address: 1631 Broadway, New York, NY, 10019
- Market: New York
- Landlord: Paramount Group
- Tenant: New Mountain Capital
- Landlord's Rep: Emily Jones & Howard Fiddle - CBRE
- Brokers: Ken Ruderman - Savills
The deal features key representatives including the landlord's representatives, Emily Jones and Howard Fiddle from CBRE, as well as broker Ken Ruderman from Savills, who facilitated the transaction for New Mountain Capital.
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