Uncommon Schools Leases Office Space At 55 Broad In Financial District
55 Broad Street, 55 Broad St, New York City, New York 10004, United States
Building Size
52,316 SF
Asset Type
Office
Closing
Feb 14, 2022
AI
The office property located at 55 Broad in the Financial District has been leased. The transaction took place on February 15, 2022. The property has a total square footage of 52,316. The landlord for this lease is Rudin Management, while the tenant is Uncommon Schools.
Summary of transaction details
- Property Type: Office
- Transaction Date: 02/15/2022
- Address: 55 Broad
- Market: Financial District
The lease was facilitated by Eric Siegel, Brian Siegel, and Daniel Lolai of LSL Advisors, who represented both the landlord and the tenant in the deal.
The asking rent for this lease was $53 per square foot.
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