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
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
200797.47%
Cash-on-Cash
-57388.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93