Holiday House Publishing Leases Office At 50 Broad St New York With Cushman & Wakefield Reps
50 Broad St, New York, NY, 10004
$47
$47/SF
Building Size
10,817 SF
Asset Type
Office
Closing
Nov 13, 2017
AI
The property involved in this transaction is located at 50 Broad St, New York, NY, 10004. It is situated in the New York market and has a rental rate of $47 per square foot. The total square footage of the leased space is 10,817 square feet.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 50 Broad St, New York, NY, 10004
- Market: New York
- Tenant: Holiday House Publishing
- Landlord: Fifty Broad Street, Inc.
- Tenant's Representative: Harry Greeley (Cushman & Wakefield)
- Landlord's Representatives: Carlos Suarez (Cushman & Wakefield), Jonathan Fein (Cushman & Wakefield)
The deal was facilitated by Harry Greeley representing the tenant, Holiday House Publishing. The landlord, Fifty Broad Street, Inc., was represented by Carlos Suarez and Jonathan Fein, both from Cushman & Wakefield, which underscores the involvement of a single agency in this transaction.
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
337510.64%
Cash-on-Cash
-96461.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93