Netflix Leases 100000 Square Feet At 880 Broadway New York Represented By Jared Isaacson Of CBRE
880 Broadway, New York, NY, 10003
Building Size
100,000 SF
Asset Type
Office
Closing
Apr 18, 2019
AI
The property asset involved in this transaction is located at 880 Broadway, New York, NY, 10003. This lease deal involves a total square footage of 100,000. The market for this property is New York. The landlord of the property is Normandy Real Estate Partners.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 880 Broadway, New York, NY, 10003
- Market: New York
- Square Feet: 100,000
- Tenant: Netflix
- Landlord: Normandy Real Estate Partners
- Tenant's Representative: Jared Isaacson - CBRE
The deal showcases the collaboration between the tenant, Netflix, and its representative, Jared Isaacson from CBRE. Normandy Real Estate Partners represents the landlord in this transaction, engaging in negotiations for the lease of the property.
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