Hustle Butter Leases 4th Floor Office Space At 598 Broadway In SoHo
598 Broadway 4th Floor New York, NY 10012, USA
$40
$40/SF
Building Size
3,500 SF
Asset Type
Office
Closing
Jul 26, 2023
About this deal
AI
The property involved in this lease transaction is located at 598 Broadway - 4th Floor in SoHo, New York City. The asset is an office space with a total square footage of 3,500. The landlord of this property is Jamie Mosery, and the tenant is Hustle Butter. The deal was brokered by Greg Goldberg of Meridian Capital Group. The asking rent for this lease is $40 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not applicable (lease)
- Address: 598 Broadway - 4th Floor, SoHo, New York City
- Market: New York City
- Landlord: Jamie Mosery
- Tenant: Hustle Butter
The broker responsible for facilitating this lease transaction is Greg Goldberg from Meridian Capital Group. This deal has brought together the landlord, Jamie Mosery, and the tenant, Hustle Butter, providing them with a suitable office space. The property, located at 598 Broadway - 4th Floor in SoHo, New York City, offers a total square footage of 3,500. Hustle Butter will be able to utilize this space for their business operations as per the terms of the lease agreement.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
396575.00%
Cash-on-Cash
-113342.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93