Uncommon Schools Signs Lease For Office Space At 55 Broad Street In FiDi
55 Broad St, New York, NY 10004, USA
Building Size
418,840 SF
Asset Type
Office
Closing
Jan 8, 2020
AI
Located at 55 Broad Street in the Financial District (FiDi), a 41,884 square foot office space has been leased in a closed transaction. The property was leased to Uncommon Schools by the landlord, Rudin Management. The asking rent for the space was $48 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 55 Broad Street
- Market: FiDi
- Tenant: Uncommon Schools
- Tenant's Representative: Eric Siegel, Wayne Siegel & Daniel Lolai - LSL Advisors, Brian Siegel - TLG
- Landlord: Rudin Management
- Landlord's Representative: Kevin Daly - Rudin
- Asking Rent: $48
- Square Footage: 41,884
In this deal, Uncommon Schools leased the office space from Rudin Management. The tenant was represented by Eric Siegel, Wayne Siegel, and Daniel Lolai from LSL Advisors, along with Brian Siegel from TLG. Kevin Daly from Rudin represented the landlord.
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