Law Offices Of Metin Serbest Signs 5-Year Office Lease At 80 Broad Street
80 Broad Street
$50
$50/SF
Building Size
9,368 SF
Asset Type
Office
Closing
Mar 14, 2023
AI
The Law Offices of Metin Serbest has signed a lease for office space at 80 Broad Street in New York City. The 5-year lease encompasses approximately 3,000 square feet of space. The landlord, Broad Street Development, was represented by David Israni and Matthew Osborne of Broad Street Development. The tenant, on the other hand, was represented by Emre Bozkurt and Steven Evans of Platinum Properties. The asking rent for the space was $52 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Lease
- Address: 80 Broad Street
- Market: New York City
- Landlord: Broad Street Development
- Tenant: Law Offices of Metin Serbest
- Landlord's Representative: David Israni & Matthew Osborne - Broad Street Development
- Tenant's Representative: Emre Bozkurt & Steven Evans - Platinum Properties
- Asking Rent: $52/ft
- Lease Term: 5-Years
This lease deal brings together the Law Offices of Metin Serbest as the tenant and Broad Street Development as the landlord. David Israni and Matthew Osborne from Broad Street Development served as the landlord's representatives in the transaction, while Emre Bozkurt and Steven Evans of Platinum Properties represented the tenant. The lease agreement for the office space at 80 Broad Street has a duration of 5 years, providing the Law Offices of Metin Serbest with a new location to conduct business.
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
317260.00%
Cash-on-Cash
-90673.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93