MiddleGround Capital Leases 8425 Square Feet At 444 Broadway New York With Madison Capital
444 Broadway, New York, NY, 10013
Building Size
8,425 SF
Asset Type
Office
Closing
Sep 2, 2020
AI
The property involved in this lease transaction is located at 444 Broadway, New York, NY, 10013. It encompasses a total area of 8,425 square feet within the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Tenant: MiddleGround Capital
- Landlord: Madison Capital
- Tenant's Representatives: Daniel Lolai and Joel Kubie from LSL Advisors
- Landlord's Representatives: Kyle Young and Daniel Turkewitz from JLL
The successful leasing agreement highlights the roles of representatives in the transaction, with Daniel Lolai and Joel Kubie advocating for the tenant, while Kyle Young and Daniel Turkewitz represented the landlord. The collaboration between these professionals facilitated the conclusion of the deal.
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