Tom Brady's TB12 Leases Office Space In Manhattan With Landlord Royal Crispin Corp
Manhattan, New York, United States
$100
$100/SF
Building Size
3,500 SF
Asset Type
Office
Closing
Nov 22, 2022
AI
TB12, the company owned by football superstar Tom Brady, has leased an office space in Manhattan. The property is located in an undisclosed address in Manhattan and is owned by the Royal Crispin Corporation. The lease transaction was facilitated by Jeff Roseman of Newmark, who represented TB12 in the deal.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not disclosed
TB12's decision to lease an office space in Manhattan highlights their commitment to expanding their business operations. The specific details of the lease, such as the square footage and rental price, have not been disclosed. However, TB12's choice to secure an office in Manhattan indicates their intention to establish a presence in the heart of New York City.
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
158630.00%
Cash-on-Cash
-45336.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93