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42 Broadway, New York, NY, ...

US Security Associates Leases 6200 Sq Ft Office At 42 Broadway, New York
LEASEDOffice

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

Michael Hymowitz

LSL Advisors

Broker

10 deals

Broker
Cammeby’s International Group
Cammeby’s International GroupLandlord

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93