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61 Broadway, New York, NY, ...

Legends Hospitality Leases 12000 Square Feet At 61 Broadway New York From RXR Realty
LEASEDOffice

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

David Kimball

Transwestern

Broker

$62.1M

vol

5 deals

Broker
RXR Realty
RXR RealtyLandlord

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