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29 Broadway

NCAC Leases Office Space At 29 Broadway In Financial District Represented By Marc Shulman & Brenden Kiesnoski
LEASEDOffice

NCAC Leases Office Space At 29 Broadway In Financial District Represented By Marc Shulman & Brenden Kiesnoski

29 Broadway

$28

$28/SF

Building Size

3,883 SF

Asset Type

Office

Closing

Jan 30, 2025

AI

The office asset located at 29 Broadway in the Financial District features a total square footage of 3,883. The asking rent for this property is set at $28 per square foot. The transaction involves a single net lease with a term of 8 years.

Summary of transaction details:

The tenant was represented by Marc Shulman and the Polsinelli-Graff Team at Compass during this lease transaction, showcasing the involvement of skilled professionals in facilitating the agreement.

Players

Adelaide Polsinelli

Compass

Broker

$285M

vol

26 deals

Broker

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

566535.71%

Cash-on-Cash

-161917.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93