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446 Broadway, New York, NY,...

The Org Leases Office Space At 446 Broadway, New York With KPG Funds
LEASEDOffice

The Org Leases Office Space At 446 Broadway, New York With KPG Funds

446 Broadway, New York, NY, 10013

Building Size

7,463 SF

Asset Type

Office

Closing

Sep 16, 2021

AI

The office property located at 446 Broadway, New York, NY, 10013, with a total square footage of 7463, was recently leased in the New York market. The tenant, The Org, secured this space from the landlord, KPG Funds, in a transaction facilitated by tenant's representatives Owen Reda and Scott Brown from Newmark.

Summary of transation details:

The presence of Owen Reda and Scott Brown from Newmark as the tenant's representatives in the lease agreement highlights their role in negotiating and finalizing the deal between The Org and KPG Funds. This transaction underscores the collaborative effort between the tenant's representatives and the landlord, ensuring a successful agreement for the office space at 446 Broadway.

Players

Scott Brown

Newmark

Broker

10 deals

Broker
KPG Funds
KPG FundsLandlord

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