LEASEDOffice
Coast Leases 8085 Square Feet At 625 Broadway In New York From ASB Real Estate Investments
625 Broadway, New York, NY, 10012
Building Size
8,085 SF
Asset Type
Office
Closing
Jun 23, 2022
About this deal
AI
The property involved in the transaction is located at 625 Broadway, New York, NY, 10012. It has a total area of 8,085 square feet. The lease is situated in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 625 Broadway, New York, NY, 10012
- Square Feet: 8,085
- Tenant: Coast
- Landlord: ASB Real Estate Investments
- Tenant's Representative: Eric Ferriello
- Landlord's Representatives: Elliot Warren, Grant Greenspan - Kaufman Organization, Jared Sternberg
This lease transaction features key individuals, including Eric Ferriello representing the tenant Coast, and multiple representatives from the landlord ASB Real Estate Investments, specifically Elliot Warren, Grant Greenspan from Kaufman Organization, and Jared Sternberg. These parties played pivotal roles in the negotiation and completion of the lease agreement.
On the Map
Office
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Players
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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