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444 Broadway, New York, NY,...

MiddleGround Capital Leases 8425 Square Feet At 444 Broadway New York With Madison Capital
LEASEDOffice

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:

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

Daniel Lolai

LSL Advisors

Broker

$211.9M

vol

93 deals

Broker
Madison Capital Group
Madison Capital 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