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
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