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
About this deal
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.
On the Map
Office
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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