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880 Broadway, New York, NY,...

Netflix Leases 100000 Square Feet At 880 Broadway New York Represented By Jared Isaacson Of CBRE
LEASEDOffice

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

Jared Isaacson

CBRE

Broker

7 deals

Broker
Newmark
NewmarkBrokerage
Normandy Real Estate Partners
Normandy Real Estate PartnersLandlord

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