809 Broadway Office Lease Completed By 809 Broadway LLC With Ron Lo Russo - Cushman & Wakefield
809 Broadway, New York, NY, 10003
Building Size
3,345 SF
Asset Type
Office
Closing
Jul 31, 2019
AI
The leased office property located at 809 Broadway in New York, NY, 10003, encompasses a total of 3,345 square feet. The landlord, 809 Broadway LLC, represented by Ron Lo Russo from Cushman & Wakefield, facilitated the lease agreement on July 31, 2019.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 809 Broadway, New York, NY, 10003
- Market: New York
- Landlord's Representative: Ron Lo Russo (Cushman & Wakefield)
- Landlord: 809 Broadway LLC
- Square Feet: 3,345
The leasing transaction at 809 Broadway involved the expertise of Ron Lo Russo from Cushman & Wakefield, who served as the landlord's representative. The agreement, finalized on July 31, 2019, highlights a robust real estate market in New York, underlined by the successful leasing of the 3,345 square feet office space to the tenants.
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