Compass Leases 8725 SF At 2150 Broadway New York With Stahl Organization As Landlord
2150 Broadway, New York, NY, 10023
$125
$125/SF
Building Size
8,725 SF
Asset Type
Office
Closing
Feb 2, 2017
AI
The property involved in this lease transaction is located at 2150 Broadway, New York, NY, 10023. The transaction occurs in the New York market. The leased space encompasses a total of 8,725 square feet with a rent of $125 per square foot.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: $1,090,625
- Address: 2150 Broadway, New York, NY, 10023
- Market: New York
- Tenant: Compass
- Landlord: Stahl Organization
- Tenant's Representative: Jim McCaffrey - Cushman & Wakefield
- Landlord's Representative: Drew Weiss - Newmark
This lease transaction marks the collaboration between Compass as the tenant and Stahl Organization as the landlord, facilitated by their respective representatives Jim McCaffrey from Cushman & Wakefield and Drew Weiss from Newmark. This agreement reflects their professional engagement in the New York commercial real estate market.
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
126904.00%
Cash-on-Cash
-36269.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93