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
About this deal
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:
- Property Type: Office
- Transaction Amount: $88/ft
- Lease Type: Modified Gross Lease
- Landlord: The Feil Organization
- Tenant: Nourish
- Landlord's Representatives: Andrew Wiener, Robert Fisher & Henry Korzec
- Tenant's Representative: Doug Regal
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.
On the Map
$88
$88/SF
Office
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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
180261.36%
Cash-on-Cash
-51519.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93