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817 Broadway, New York, NY,...

SDC Capital Partners Leases 9980 SF Office In New York From Taconic Investment Partners
LEASEDOffice

SDC Capital Partners Leases 9980 SF Office In New York From Taconic Investment Partners

817 Broadway, New York, NY, 10003

Building Size

9,980 SF

Asset Type

Office

Closing

May 14, 2019

AI

The office located at 817 Broadway, New York, NY, 10003, spanning 9,980 square feet, was leased on May 14, 2019. The lease transaction involved SDC Capital Partners as the tenant and Taconic Investment Partners as the landlord. The tenant was represented by Stephen Eynon from CBRE.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not provided
  • Tenant: SDC Capital Partners
  • Landlord: Taconic Investment Partners
  • Square Feet: 9,980
  • Tenant's Rep: Stephen Eynon (CBRE)

The deal's key individuals included Stephen Eynon representing the tenant, SDC Capital Partners, in the lease transaction for the office space at 817 Broadway in New York. Taconic Investment Partners acted as the landlord in this leasing agreement.

Players

Stephen Eynon

CBRE

Broker

4 deals

Broker
SP
SDC Capital PartnersTenant

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