Distinguished Concerts International New York Signs Lease With Empire State Realty Trust At 1765 Broadway
1765 Broadway, New York, NY, 10019
Building Size
17,644 SF
Asset Type
Office
Closing
Jan 10, 2020
About this deal
AI
The property involved in this transaction is located at 1765 Broadway, New York, NY, 10019. It has a total square footage of 17,644 and is situated in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Square Feet: 17,644
- Address: 1765 Broadway, New York, NY, 10019
- Market: New York
- Landlord: Empire State Realty Trust
- Tenant: Distinguished Concerts International New York
- Landlord's Representative: Harry Blair
This lease transaction features Distinguished Concerts International New York as the tenant, indicating their commitment to occupying the space. Harry Blair represented the interests of the landlord, Empire State Realty Trust, in this transaction.
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