Corporation For Supportive Housing Leases 10,570 SF Office Space At 55 Broadway In Financial District
55 Broadway New York, NY 10006, USA
Building Size
10,570 SF
Asset Type
Office
Closing
Sep 12, 2023
AI
The Corporation for Supportive Housing has signed an 11-year lease for the entire 10th floor at 55 Broadway in the Financial District, Manhattan. The lease encompasses a total of 10,570 square feet of office space.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not mentioned
- Address: 55 Broadway, Financial District, Manhattan
- Market: Financial District, Manhattan
- Tenant: Corporation for Supportive Housing - Stephen Norman
- Landlord: Harbor Group International - Jordan Slone
- Tenant's Representative: Aron Schreier & Jason Kroeger - Cushman & Wakefield
- Landlord's Representatives: Bradley (Brad) Gerla, Hayden Pascal & Jonathan Cope - CBRE
The lease agreement at 55 Broadway was facilitated with the assistance of Aron Schreier and Jason Kroeger from Cushman & Wakefield, who represented the Corporation for Supportive Housing. On the landlord's side, the deal was handled by Bradley Gerla, Hayden Pascal, and Jonathan Cope from CBRE, serving as the landlord's representatives. The lease term is set for 11 years, providing the Corporation for Supportive Housing with a dedicated space for their operations in the Financial District.
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