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372 West Broadway, Manhatta...

Serhant Acquires Office Space In SoHo For Lease At 372 West Broadway
LEASEDOffice

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:

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

Diana Zisholtz

Douglas Elliman

Broker

3 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93