facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Office

/

Lease

/

490 Broadway

Paige Denim Leases Office Space At 490 Broadway In SoHo
LEASEDOffice

Paige Denim Leases Office Space At 490 Broadway In SoHo

490 Broadway

$79

$79/SF

Building Size

6,683 SF

Asset Type

Office

Closing

Oct 7, 2022

AI

An office space located at 490 Broadway in SoHo, New York has been leased. The lease transaction took place on October 7, 2022. The office space, totaling 6,683 square feet, is owned by Ponte Gadea. The tenant for this property is Paige Denim. The lease deal was facilitated by Cushman & Wakefield, with Gordon Hough and Stephen Bellwood representing the landlord, and Nomad Group represented by Matthew DeRose and William Janetschek as the tenant's representatives.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not provided
  • Address: 490 Broadway, SoHo
  • Market: SoHo

Gordon Hough and Stephen Bellwood from Cushman & Wakefield acted as the landlord's representatives in the lease deal, while Matthew DeRose and William Janetschek represented Nomad Group, the tenant. The asking rent for the office space was $79 per square foot.

Players

Matthew DeRose
Verified Badge

Matthew DeRose

Nomad Group

Broker

35 deals

Broker

William Janetschek

Nomad Group

Broker

$3.8M

vol

30 deals

Broker
PG
Ponte GadeaLandlord

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

200797.47%

Cash-on-Cash

-57388.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93