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902 Broadway, New York, NY,...

MKDA Leases 13,700 Square Feet At 902 Broadway New York With Landlord The Rosen Family
LEASEDOffice

MKDA Leases 13,700 Square Feet At 902 Broadway New York With Landlord The Rosen Family

902 Broadway, New York, NY, 10010

Building Size

13,700 SF

Asset Type

Office

Closing

Nov 19, 2023

AI

The property involved in this transaction is located at 902 Broadway, New York, NY, 10010. This asset has a total square footage of 13,700 and is situated in the New York market.

Summary of transaction details:

This lease transaction highlights the involvement of a tenant and landlord, with MKDA as the tenant and the Rosen Family as the landlord. The transaction was facilitated by representatives, with Michael Beyda and Eliot Goldschmidt representing the tenant and David Koeppel representing the landlord.

Players

Eliot Goldschmidt

Masonre

Broker

$17.3M

vol

11 deals

Broker

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