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:
- Property Type: LEASE
- Transaction Amount: Not specified
- Address: 26 Broadway, New York, NY, 10004
- Market: New York
- Square Feet: 7,240
- Tenant: The 88
- Landlord: The Chetrit Group
- Tenant's Representatives: Joshua Pernice - CBRE, Justin Myers, Dennis Someck - Lee & Associates
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
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