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536 Broadway, New York, NY,...

Armani Exchange Leases 9886 Square Feet At 536 Broadway New York From Ralph Lauren Corporation
LEASEDOffice

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

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.

Players

Gene Spiegelman

Ripco

Broker

$30.3M

vol

11 deals

Broker
JLL
JLLBrokerage

Ralph Lauren

Landlord

$130M

vol

2 deals

Landlord

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