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49 Broad St, New York, NY, ...

Uncommon Schools Leases 41884 Square Feet At 49 Broad St New York From Rudin Family
LEASEDOffice

Uncommon Schools Leases 41884 Square Feet At 49 Broad St New York From Rudin Family

49 Broad St, New York, NY, 10004

Building Size

41,884 SF

Asset Type

Office

Closing

Jan 28, 2020

AI

The property involved in this transaction is located at 49 Broad St, New York, NY, 10004, situated in the New York market. The space comprises a total of 41,884 square feet and is part of a lease agreement. The landlord for this transaction is the Rudin Family.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 49 Broad St, New York, NY, 10004
  • Market: New York
  • Square Feet: 41,884
  • Tenant: Uncommon Schools
  • Landlord: Rudin Family
  • Tenant's Representatives: Daniel Lolai - LSL Advisors, Eric Siegel - LSL Advisors

The deal features key individuals representing the tenant, Uncommon Schools, through Daniel Lolai and Eric Siegel from LSL Advisors. The involvement of the Rudin Family as the landlord indicates their continued presence in the New York commercial real estate market.

Players

Daniel Lolai

LSL Advisors

Broker

$211.9M

vol

93 deals

Broker
US
Uncommon SchoolsTenant

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