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:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 26 Broadway, New York, NY, 10004
- Market: New York
- Tenant: Primary
- Landlord: Chetrit Group
- Tenant's Representative: Jonathan Mines - The Mines Group
- Landlord's Representative: Jamie Jacobs - Newmark
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
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