Joe Betesh Leases Office Space To Bluebook Cities Inc At 412 Broadway For $50/ft
412 Broadway
$50
$50/SF
Building Size
6,300 SF
Asset Type
Office
Closing
Mar 31, 2026
AI
The property involved in this lease transaction is an office space located at 412 Broadway in Tribeca, Manhattan. The total square footage of the asset is 6,300 square feet, with an asking rent of $50 per square foot. The lease type for this transaction is a Modified Gross Lease.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $315,000
- Address: 412 Broadway
- Market: Tribeca, Manhattan
- Landlord: Joe Betesh
- Tenant: Bluebook Cities Inc
- Brokers: Ken Lerner, Michael Degenstein & Christopher Okada - Okada & Company
In this transaction, the leasing efforts were facilitated by Ken Lerner, Michael Degenstein, and Christopher Okada, representing Okada & Company. Their involvement helped to ensure the successful arrangement between the landlord, Joe Betesh, and the tenant, Bluebook Cities Inc.
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
317260.00%
Cash-on-Cash
-90673.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93