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
About this deal
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
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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