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80 Broad Street

Law Offices Of Metin Serbest Signs 5-Year Office Lease At 80 Broad Street
LEASEDOffice

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

Steven Evans

Platinum Commercial

Broker

$36.1M

vol

47 deals

Broker
Broad Street Development
Broad Street DevelopmentLandlord

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