Serhant Acquires Office Space In SoHo For Lease At 372 West Broadway
372 West Broadway, Manhattan, New York, NY, USA
Building Size
15,000 SF
Asset Type
Office
Closing
Feb 9, 2021
AI
The office space located at 372 West Broadway in SoHo has been leased. The property spans approximately 15,000 square feet and is situated in the vibrant SoHo market. The lease transaction was finalized on February 10, 2021. The tenant for this space is @Serhant. The asking rent for the office was approximately $70 per square foot.
Summary of Transaction Details:
- Property Type: Office
- Transaction Amount: N/A
- Date: 02/10/2021
- Address: 372 West Broadway
- Market: SoHo
- Tenant: @Serhant
- Brokers: Arthur Maglio, Corey Shuster, Diana Zisholtz - Douglas Elliman
- Asking Rent: $70/ft. (Approx.)
The lease transaction was facilitated by the brokers Arthur Maglio, Corey Shuster, and Diana Zisholtz from Douglas Elliman. They played a crucial role in connecting the tenant, @Serhant, with this office space in SoHo.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93