Inspired Capital Leases Office Space At 809 Broadway, New York
809 Broadway, New York, NY, 10003
Building Size
3,162 SF
Asset Type
Office
Closing
Jul 31, 2019
About this deal
AI
Located at 809 Broadway in New York, NY, 10003, the recently leased office space spans 3,162 square feet. The landlord, 809 Broadway LLC, successfully leased the property to the new tenant, Inspired Capital, with the deal facilitated by tenant's representative Scott Brown from Newmark.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Tenant: Inspired Capital
- Tenant's Rep: Scott Brown (Newmark)
- Landlord: 809 Broadway LLC
The lease agreement, finalized on July 31, 2019, marks a significant transaction in the New York office market. Inspired Capital's choice of this space at 809 Broadway reflects a strategic move, positioning them in a prime location within New York City.
On the Map
Office
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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