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:
- Property Type: Office
- Transaction Amount: $28/ft
- Lease Term: 8 Years
- Landlord: Jeffries Morris Inc.
- Tenant: NCAC
- Brokers: Marc Shulman & Brenden Kiesnoski - Compass
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
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