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625 Broadway, New York, NY,...

Coast Leases 8085 Square Feet At 625 Broadway In New York From ASB Real Estate Investments
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

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:

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.

Players

Jared Sternberg

Broker

5 deals

Broker
ASB Real Estate Investments
ASB Real Estate InvestmentsLandlord

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