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
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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