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521 Broadway, New York, NY,...

Calzedonia Group Leases Office Space At 521 Broadway, New York With Landlord Rumpf
LEASEDOffice

Calzedonia Group Leases Office Space At 521 Broadway, New York With Landlord Rumpf

521 Broadway, New York, NY, 10012

Building Size

6,300 SF

Asset Type

Office

Closing

May 30, 2018

AI

The office property located at 521 Broadway, New York, NY, 10012, boasting a generous 6300 square feet, was leased in a transaction dated May 30, 2018. The deal involved Calzedonia Group as the tenant and Rumpf as the landlord, with Robin Zendell representing the tenant and Trever Gallina from Marcus & Millichap serving as the landlord's representative.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Tenant: Calzedonia Group
  • Landlord: Rumpf
  • Square Feet: 6300
  • Tenant's Rep: Robin Zendell
  • Landlord's Rep: Trever Gallina(Marcus & Millichap)

The leasing deal for the office space at 521 Broadway was successfully facilitated, with the Calzedonia Group securing the property from Rumpf with the assistance of their representative, Robin Zendell. On the other side of the transaction, Trever Gallina from Marcus & Millichap represented the landlord, Rumpf, ensuring a smooth and efficient agreement for this prime office space in New York.

Players

Trever Gallina

Marcus & Millichap

Broker

$22.1M

vol

6 deals

Broker

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