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447 Broadway

Morris Tobias Represents Lipman Studio In $50/ft Soho Office Lease Deal
LEASEDOffice

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

Morris Tobias

Monday Morning MGMT

Broker

21 deals

Broker

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