facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Lease

/

841 Broadway

Movable Ink Leases Office Space At 841 Broadway In Union Square
LEASEDOffice

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:

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

Christopher Helgesen

Cushman & Wakefield

Broker

3 deals

Broker

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93