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39 Broadway New York, NY 10...

New York Cares Leases 8,280-SF Office Space At 39 Broadway In Financial District
LEASEDOffice

New York Cares Leases 8,280-SF Office Space At 39 Broadway In Financial District

39 Broadway New York, NY 10006, USA

Building Size

8,280 SF

Asset Type

Office

Closing

Sep 7, 2023

AI

New York Cares, the city's largest volunteer network, has leased an 8,280-square-foot office space located on the 27th floor of 39 Broadway, in the Financial District of Manhattan. The space is situated in a prime location in the heart of the financial center.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not available
  • Square Footage: 8,280
  • Address: 39 Broadway
  • Market: Financial District, Manhattan

Daniel Kunstlinger, the landlord of the property, represented by Brian Siegel of LSL Advisors, facilitated the lease agreement with Gary Bagley, the tenant representing New York Cares. Carri Lyon and Jenna Catalon from Cushman & Wakefield served as the tenant's representatives in the deal, supporting Gary Bagley in finding and securing the ideal space for his organization. The lease agreement enables New York Cares to establish a presence in the Financial District, strengthening their ability to serve the community and support their mission of volunteerism in New York City.

Players

Carri Lyon

Cushman & Wakefield

Broker

$89.4M

vol

22 deals

Broker
Cammeby’s International Group
Cammeby’s International GroupLandlord

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