First Look Media Leases 7,896 SF Office Space At 835 Broadway In New York
835 Broadway New York, NY 10003, USA
Building Size
7,896 SF
Asset Type
Office
Closing
Jun 5, 2023
About this deal
AI
The Feil Organization, represented by Andrew Wiener and Rob Fisher, leased out a 7,896-square-foot office space located at 835 Broadway in New York. The tenant, First Look Media, signed a five-year lease for the 10th floor production studio, with an asking rent of $87 per square foot. The property is currently undergoing renovations, including a new lobby with a floor-to-ceiling glass facade and new elevators. NOTE: First Look Media is a nonprofit organization that is relocating its New York City offices from Fifth Avenue to Broadway.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Lease
- Address: 835 Broadway
- Market: New York
The lease deal was facilitated by brokers Gary Stein, Ken Ruderman, and Michael Bertini of Savills.
On the Map
Office
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
182333.33%
Cash-on-Cash
-52111.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93