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90 Broad St, New York, NY, ...

Princeton International Properties Leases Office Space In New York For $48/SF
LEASEDOffice

Princeton International Properties Leases Office Space In New York For $48/SF

90 Broad St, New York, NY, 10004

$48

$48/SF

Building Size

12,000 SF

Asset Type

Office

Closing

May 13, 2016

AI

Located at 90 Broad St, New York, NY, 10004, this office property in New York spans 12,000 square feet. The lease for this property was finalized on 05/13/2016, with a rental rate of $48 per square foot. The landlord, Princeton International Properties, was represented by Scott Cahaly from JLL, while the tenant, represented by Marc Shapses from Savills, secured this space for their operations.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Market: New York

Marc Shapses from Savills acted as the tenant's representative in this leasing deal, negotiating on behalf of the tenant. On the other side, Scott Cahaly from JLL represented Princeton International Properties, the landlord of the office space. The agreement was reached at a rate of $48 per square foot, finalizing the lease of this 12,000 square foot property at 90 Broad St, New York, NY, 10004.

Players

Marc Shapses

Savills

Broker

12 deals

Broker
PP
Princeton International PropertiesLandlord

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

330479.17%

Cash-on-Cash

-94451.96%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93