Legends Hospitality Leases 12000 Square Feet At 61 Broadway New York From RXR Realty
61 Broadway, New York, NY, 10006
Building Size
12,000 SF
Asset Type
Office
Closing
Apr 26, 2016
AI
Legends Hospitality has signed a lease for a space located at 61 Broadway, New York, NY, 10006. The property consists of 12,000 square feet within the New York market. The details regarding the asking rent were not disclosed.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Square Feet: 12,000
- Address: 61 Broadway, New York, NY, 10006
- Market: New York
- Tenant: Legends Hospitality
- Tenant's Representative: Daniel Thompson - Savills, David Kimball - MB Real Estate
- Landlord: RXR Realty
- Landlord's Representative: Daniel Birney - RXR Realty
This transaction involved multiple representatives, including Daniel Thompson and David Kimball, who represented the tenant, Legends Hospitality, while Daniel Birney represented the landlord, RXR Realty, in-house. The length of the lease agreement is set for 10 years.
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