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632 Broadway, New York, NY,...

Galileo Health Leases 11511 Square Feet At 632 Broadway From Renaissance Properties
LEASEDOffice

Galileo Health Leases 11511 Square Feet At 632 Broadway From Renaissance Properties

632 Broadway, New York, NY, 10012

Building Size

11,511 SF

Asset Type

Office

Closing

Feb 17, 2021

AI

The property involved in this transaction is located at 632 Broadway, New York, NY, 10012, falling within the New York market. This lease encompasses a total of 11,511 square feet of space, catering to the needs of the tenant.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 632 Broadway, New York, NY, 10012
  • Market: New York
  • Landlord: Renaissance Properties
  • Tenant: Galileo Health
  • Landlord's Representative: J. D. Cohen & Jared Winter - Newmark Knight Frank

This transaction reflects a collaboration between Renaissance Properties as the landlord and Galileo Health as the tenant, with J. D. Cohen & Jared Winter from Newmark Knight Frank representing the landlord in the negotiation process.

Players

J. D. Cohen

Newmark

Broker

1 deal

Broker
Two Trees Management
Two Trees ManagementBrokerage

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