AudioEye Leases 5,000 SF Office Space At 291 Broadway In Tribeca
299 Broadway Tribeca New York, NY 10007
Building Size
5,000 SF
Asset Type
Office
Closing
Dec 15, 2021
About this deal
AI
AudioEye has signed a lease for an office space located at 291 Broadway in Tribeca, Manhattan. The property, spanning 5,000 square feet, is owned by Sutton Management. The deal was facilitated by James Finelli from Compass, representing AudioEye, and Elie Sutton from Sutton Management, representing the landlord.
Summary of transaction details
- Property Type: Office
- Transaction Date: 12/15/2021
- Address: 291 Broadway, Tribeca
- Landlord: Sutton Management
- Tenant: AudioEye
- Tenant's Representative: James Finelli - Compass
- Landlord's Representative: Elie Sutton - Sutton Management
- Asking Rent: $40/ft.
- Square Footage: 5,000
The lease agreement was signed on 12/15/2021, with an asking rent of $40 per square foot. The office space at 291 Broadway in Tribeca offers 5,000 square feet of area for AudioEye's operations.
Players
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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