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598 Broadway 4th Floor New ...

Updated Oct 29, 2024

Hustle Butter Leases 4th Floor Office Space At 598 Broadway In SoHo
LEASEDOffice

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.

Players

Greg Goldberg

Meridian Capital Group

Broker

$4.3M

vol

72 deals

Broker

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Deal FAQ

About $40 per square foot on a published $40 for 3,500 square feet (2023).

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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

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