Movable Ink Leases Office Space At 841 Broadway In Union Square
841 Broadway
Building Size
13,716 SF
Asset Type
Office
Closing
Jun 24, 2024
AI
Located at 841 Broadway in Union Square, the office property spans 13,716 square feet. The lease was signed by tenant Movable Ink, moving its operations just south of Union Square. The landlord, Feil Organization, represented by Andrew Wiener, Robert Fisher, and Henry Korzec, finalized the long-term lease agreement.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not provided
- Address: 841 Broadway
- Market: Union Square
- Landlord: Feil Organization
- Tenant: Movable Ink
- Landlord's Rep: Andrew Wiener, Robert Fisher, and Henry Korzec - The Feil Organization
- Tenant's Rep: Christopher Helgesen, Dirk Hrobsky, Gary Ceder, and Peter Trivelas - Cushman & Wakefield
The deal involved key individuals such as Christopher Helgesen, Dirk Hrobsky, Gary Ceder, and Peter Trivelas from Cushman & Wakefield, who represented the tenant Movable Ink in the transaction. The agreement marked a significant move for Movable Ink to a new office space in Union Square, demonstrating strategic growth and operational expansion for the company.
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