facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Office

/

Lease

/

26 Broadway, New York, NY, ...

The 88 Leases 7240 Square Feet At 26 Broadway New York With The Chetrit Group
LEASEDOffice

The 88 Leases 7240 Square Feet At 26 Broadway New York With The Chetrit Group

26 Broadway, New York, NY, 10004

Building Size

7,240 SF

Asset Type

Office

Closing

Aug 4, 2015

AI

The property involved in this transaction is located at 26 Broadway, New York, NY, 10004. It is part of the New York market and spans a total of 7,240 square feet. The tenant for this lease is The 88, and the landlord is The Chetrit Group.

Summary of transaction details:

The lease transaction involved key representatives; Joshua Pernice from CBRE and Justin Myers along with Dennis Someck from Lee & Associates acted as the tenant's representation in this deal, representing The 88 in their leasing agreement.

Players

Dennis Someck

Lee & Associates

Broker

26 deals

Broker
Chetrit Group
Chetrit GroupLender
Chetrit Group
Chetrit GroupLandlord

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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