Lev, Inc. Leases Office Space At 584 Broadway In SoHo
584 Broadway, New York, NY 10012, USA
Building Size
12,500 SF
Asset Type
Office
Closing
Apr 20, 2021
AI
584 Broadway in SoHo has been leased to Lev, Inc., an office tenant. The property was leased by Olmstead Properties, with Steven Marvin representing the landlord. Lev, Inc. was advised by Daniel Lolai and Joel Kubie from LSL Advisors.
Summary of transaction details
- Property Type: Office
- Transaction Date: 04/21/2021
- Address: 584 Broadway, SoHo
- Asking Rent: $64/ft.
- Square Footage: 12,500
Steven Marvin acted as the landlord's representative in the deal, while Daniel Lolai and Joel Kubie represented Lev, Inc. in the lease agreement. The parties involved successfully negotiated the terms, resulting in the leasing of the office space at 584 Broadway.
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