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853 Broadway

Nourish Leases Office Space At 853 Broadway Manhattan From The Feil Organization For $88/ft
LEASEDOffice

Nourish Leases Office Space At 853 Broadway Manhattan From The Feil Organization For $88/ft

853 Broadway

$88

$88/SF

Building Size

7,563 SF

Asset Type

Office

Closing

Jan 20, 2025

AI

The property involved in this transaction is an office asset located at 853 Broadway in Manhattan. The lease type is a modified gross lease, with an asking rent of $88 per square foot and a total square footage of 7,563.

Summary of transaction details:

The transaction highlights the involvement of key representatives in the arrangements, with Andrew Wiener, Robert Fisher, and Henry Korzec representing the landlord, while Doug Regal represents the tenant in this leasing agreement.

Players

Doug Regal

Broker

3 deals

Broker

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

180261.36%

Cash-on-Cash

-51519.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93