Morris Tobias Represents Lipman Studio In $50/ft Soho Office Lease Deal
447 Broadway
$50
$50/SF
Building Size
6,000 SF
Asset Type
Office
Closing
Mar 1, 2024
AI
Located at 447 Broadway in Soho, Manhattan, this office space was leased by Lipman Studio from landlord Abraham Chetrit. The space spans 6,000 square feet with an asking rent of $50 per square foot under a Double Net Lease.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Landlord: Abraham Chetrit
- Tenant: Lipman Studio
- Broker: Morris Tobias - BH Realty
- Address: 447 Broadway, Soho, Manhattan
- Market: Soho, Manhattan
- Asking Rent: $50/ft
- Lease Type: Double Net Lease
Morris Tobias, representing BH Realty, facilitated the lease agreement between Lipman Studio and landlord Abraham Chetrit for the office space at 447 Broadway. The deal highlights the collaboration of key individuals and companies involved in this successful transaction.
Players
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
317260.00%
Cash-on-Cash
-90673.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93