Rockpoint Group Leases Office Space To Alton Aviation Consultancy At 1700 Broadway In Midtown
1700 Broadway, Manhattan, New York, NY, USA
Building Size
4,900 SF
Asset Type
Office
Closing
Nov 11, 2021
About this deal
AI
Rockpoint Group has leased the office space located at 1700 Broadway in Midtown. The property, spanning 4,900 square feet, was leased to Alton Aviation Consultancy at an asking rent of $78 per square foot.
Summary of transation details
- Property Type: Office
- Transaction Amount: Lease
- Address: 1700 Broadway
- Market: Midtown
- Landlord: Rockpoint Group
- Tenant: Alton Aviation Consultancy
- Tenant's Rep: Matthew DeRose & William Janetschek - Nomad Group
- Landlord's Rep: Peter Shimkin - Newmark
- Asking Rent: $78/ft.
- SF: 4,900
The deal was facilitated by Matthew DeRose and William Janetschek from Nomad Group, representing Alton Aviation Consultancy, and Peter Shimkin from Newmark, representing Rockpoint Group.
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