US Security Associates Leases 6200 Sq Ft Office At 42 Broadway, New York
42 Broadway, New York, NY, 10004
Building Size
6,200 SF
Asset Type
Office
Closing
Nov 3, 2015
AI
Located at 42 Broadway in New York, NY, 10004, the property involved in the transaction is an office space spanning 6,200 square feet. The lease was signed on 11/03/2015 in the bustling New York market. The tenant, US Security Associates, secured the lease with representation from Michael Hymowitz of LSL Advisors. The landlord, Cammeby's International, was represented by Brian Siegel from The Lawrence Group.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Provided
- Tenant: US Security Associates
- Tenant's Rep: Michael Hymowitz (LSL Advisors)
- Landlord: Cammeby's International
- Landlord's Rep: Brian Siegel (The Lawrence Group)
- Market: New York
The deal's key individuals included Michael Hymowitz representing the tenant, US Security Associates. On the other side, Brian Siegel represented the landlord, Cammeby's International. Both parties successfully facilitated the lease agreement for the 6,200 square feet of office space at 42 Broadway in New York.
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