Armani Exchange Leases 9886 Square Feet At 536 Broadway New York From Ralph Lauren Corporation
536 Broadway, New York, NY, 10012
Building Size
9,886 SF
Asset Type
Office
Closing
Oct 26, 2022
About this deal
AI
The property asset involved in this transaction is located at 536 Broadway, New York, NY, 10012. It has a total square footage of 9,886 and is situated in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 536 Broadway, New York, NY, 10012
- Market: New York
- Landlord: Ralph Lauren Corporation
- Tenant: Armani Exchange
- Landlord's Representative: Gene Spiegelman-Ripco
This lease transaction features Armani Exchange as the tenant securing the space within a property owned by Ralph Lauren Corporation. Gene Spiegelman from Ripco represents the landlord in this deal, ensuring that the property's interests are upheld during the leasing process.
On the Map
Office
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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