Verci Signs Lease For Downtown Manhattan Headquarters At 394 Broadway
394 Broadway New York, New York 10013, Usa
Building Size
6,000 SF
Asset Type
Office
Closing
Aug 8, 2023
About this deal
AI
A social club known as Verci has recently signed a lease for its downtown Manhattan headquarters located at 394 Broadway. The office space spans approximately 6,000 square feet and is owned by the Kaufman Organization, represented by Nolan Kagan and Jared Sternberg.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not available
- Address: 394 Broadway, Manhattan
- Market: Manhattan
- Square Footage: 6,000 SF
Nolan Kagan and Jared Sternberg of the Kaufman Organization acted as the landlord in this lease agreement. Verci, the social club, has chosen this space to serve as their downtown Manhattan headquarters.
On the Map
Office
View full map
Players
Wycheproof Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Deal FAQ
Browse Wycheproof office leases on Traded.
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