Søren Hagh Of William Grant & Sons Signs Lease For 27160 SF Office At 902 Broadway
902 Broadway
Building Size
27,160 SF
Asset Type
Office
Closing
Dec 3, 2024
AI
The property asset involved in this transaction is an office space located at 902 Broadway in the Midtown South market. It encompasses a total square footage of 27,160 and is owned by Koeppel Rosen.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 902 Broadway
- Market: Midtown South
- Landlord: Max Koeppel
- Tenant: Søren Hagh
- Brokerage: JLL
- Brokers: Charles Gerace, Joseph Messina, Peter Michailidis
William Grant & Sons, represented by JLL, has signed a lease to relocate its U.S. headquarters from 300 Park Avenue South to the Koeppel Rosen-owned building. The company will occupy both the second and third floors 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