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799 Broadway

Lightspeed Venture Partners Leases Office Space At 799 Broadway In Greenwich Village
LEASEDOffice

Lightspeed Venture Partners Leases Office Space At 799 Broadway In Greenwich Village

799 Broadway

$175

$175/SF

Building Size

9,300 SF

Asset Type

Office

Closing

Aug 9, 2022

AI

An office space located at 799 Broadway in Greenwich Village has been leased. The property, spanning 9,300 square feet, was leased by Lightspeed Venture Partners. The transaction took place on 09/08/2022, with an asking rent of $175 per square foot.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Lease
  • Address: 799 Broadway
  • Market: Greenwich Village

The landlord for this property is Columbia Property Trust, represented by Dave Cheikin. The tenant, Lightspeed Venture Partners, was represented by Steven Rotter, Brett Harvey, Hugh Scott, and Derek Johnson from JLL. The landlord's representatives in the deal were Mitchell Konsker, Benjamin Bass, and Sam Seiler, also from JLL.

Players

Brett Harvey

Newmark

Broker

$270M

vol

28 deals

Broker
Columbia Property Trust
Columbia Property TrustLandlord

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

90645.71%

Cash-on-Cash

-25906.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93