facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Lease

/

817 Broadway

Inspired Capital Signs 10-Year Lease For Office Space At 817 Broadway In New York
LEASEDOffice

Inspired Capital Signs 10-Year Lease For Office Space At 817 Broadway In New York

817 Broadway

$115

$115/SF

Building Size

9,943 SF

Asset Type

Office

Closing

Feb 23, 2023

AI

817 Broadway, located in New York, has been leased out for a 10-year term. The office space, spanning 9,943 square feet, was leased for an asking rent of $115 per square foot. The deal was finalized on February 23, 2023.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not mentioned

The landlords involved in this lease are Taconic Partners, Nuveen Real Estate, and Squire Investments. The tenants are Inspired Capital, represented by Alexa von Tobel and Penny Pritzker.

The deal was facilitated by brokers David Falk, Jason Greenstein, Daniel Levine, and Jordyn Comras from Newmark.

Players

David Falk
Verified Badge

David Falk

Newmark

Broker

61 deals

Broker
Nuveen
NuveenLender
Nuveen
NuveenLandlord

Penny Pritzker

Inspired Capital

Tenant

$19.5M

vol

2 deals

Tenant

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

137939.13%

Cash-on-Cash

-39423.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93