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853 Broadway

Personetics Technologies Leases Office Space At 853 Broadway From The Feil Organization For $85/SF
LEASEDOffice

Personetics Technologies Leases Office Space At 853 Broadway From The Feil Organization For $85/SF

853 Broadway

$85

$85/SF

Building Size

7,004 SF

Asset Type

Office

Closing

Oct 2, 2024

AI

The asset involved in this transaction is an office property located at 853 Broadway in Manhattan. The asking rent for this property is $85 per square foot, with a total square footage of 7,004. The lease type negotiated is a Modified Gross Lease.

Summary of transaction details:

This lease transaction involved various key individuals, including Andrew Wiener, Robert Fisher, and Henry Korzec representing the landlord, The Feil Organization. On the tenant's side, Allison Buck and Ella Berckmans from Savills acted as representatives for Personetics Technologies.

Players

Allison Buck

Savills

Broker

3 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

186623.53%

Cash-on-Cash

-53337.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93