Housing Works Leases 752 Broadway Office In New York To Manocherian Brothers
752 Broadway, New York, NY, 10003
Building Size
7,400 SF
Asset Type
Office
Closing
Dec 11, 2022
About this deal
AI
The property at 752 Broadway, New York, NY, 10003, is an office space spanning 7,400 square feet. It was leased on 12/11/2022 in the New York market. The tenant, Housing Works, secured this space from the landlord, Manocherian Brothers. The deal was facilitated with Sean Philipps from Katz & Associates Real Estate Advisors serving as the tenant's representative.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Tenant: Housing Works
- Landlord: Manocherian Brothers
- Square Feet: 7400
- Tenant's Rep: Sean Philipps(Katz & Associates Real Estate Advisors)
The involvement of Sean Philipps from Katz & Associates Real Estate Advisors as the tenant's representative played a crucial role in successfully securing the office space for Housing Works. This lease transaction exemplifies the collaboration between key individuals and companies in the real estate market of New York.
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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