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:
- Property Type: Office
- Transaction Amount: $85/ft
- Address: 853 Broadway
- Market: Manhattan
- Landlord: The Feil Organization
- Tenant: Personetics Technologies
- Landlord's Representatives: Andrew Wiener, Robert Fisher & Henry Korzec
- Tenant's Representatives: Allison Buck & Ella Berckmans - Savills
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
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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