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412 Broadway

Joe Betesh Leases Office Space To Bluebook Cities Inc At 412 Broadway For $50/ft
LEASEDOffice

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

Christopher Okada

Okada & Company

Broker

$352.8M

vol

85 deals

Broker
Okada & Company
Okada & CompanyBrokerage

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