Consulate General Of Morocco Leases Office Space At 55 Broadway In New York
55 Broadway, New York City, New York 10006, United States
$62
$62/SF
Building Size
8,500 SF
Asset Type
Office
Closing
Jan 19, 2023
AI
The leased property at 55 Broadway in New York was recently involved in a transaction. The property, which is an office space, was leased to the Consulate General of Morocco. The lease was facilitated by the landlord's representative, Benjamin Stavrach from Triangle Assets. The tenant was represented by Omer Salem from Salem Advisory Group and Edward Kalisvaart from Keller Williams. The lease was signed on January 19, 2023, with an asking rent of $62 per square foot for a total of 8,500 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Date: 01/19/2023
- Address: 55 Broadway
- Market: New York
- Tenant: Consulate General of Morocco
- Landlord's Representative: Benjamin Stavrach - Triangle Assets
- Tenant's Representatives: Omer Salem - Salem Advisory Group, Edward Kalisvaart - Keller Williams
- Asking Rent: $62 per square foot
- Total Square Footage: 8,500
The lease agreement for the office space at 55 Broadway involved the Consulate General of Morocco as the tenant. The landlord's representative in this transaction was Benjamin Stavrach from Triangle Assets. On the tenant's side, Omer Salem from Salem Advisory Group and Edward Kalisvaart from Keller Williams represented the Consulate General of Morocco. The lease was signed on January 19, 2023, with an asking rent of $62 per square foot for a total area of 8,500 square feet.
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
255854.84%
Cash-on-Cash
-73124.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93