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
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
137939.13%
Cash-on-Cash
-39423.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93