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26 Broadway, New York, NY, ...

LEASEDOffice

Primary Leases 48873 Square Feet At 26 Broadway New York From Chetrit Group

26 Broadway, New York, NY, 10004

$47

$47/SF

Building Size

48,873 SF

Asset Type

Office

Closing

Jan 3, 2018

AI

The property involved in this lease transaction is located at 26 Broadway, New York, NY, 10004. It is situated in the New York market and encompasses a total of 48,873 square feet. The rent per square foot for this lease is set at $47.

Summary of transaction details:

The deal involves the Chetrit Group as the landlord and Primary as the tenant, with Jonathan Mines representing the tenant and Jamie Jacobs representing the landlord. This collaboration between the representatives facilitated the completion of the lease agreement in the New York market.

Players

Jamie Jacobs

Newmark

Broker

3 deals

Broker
Chetrit Group
Chetrit GroupLender
Chetrit Group
Chetrit GroupLandlord

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

337510.64%

Cash-on-Cash

-96461.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93