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
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