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1359 Broadway, New York, NY...

IHS Markit Leases 25000 Square Feet To Progyny At 1359 Broadway New York
LEASEDRetail

IHS Markit Leases 25000 Square Feet To Progyny At 1359 Broadway New York

1359 Broadway, New York, NY, 10018

Building Size

25,000 SF

Asset Type

Retail

Closing

Feb 11, 2020

AI

The property involved in this lease transaction is located at 1359 Broadway, New York, NY, with a total square footage of 25,000. The market for this property is New York, and it is leased from IHS Markit.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 1359 Broadway, New York, NY, 10018
  • Market: New York
  • Landlord's Representative: Jared Freede - CBRE
  • Tenant: Progyny
  • Landlord: IHS Markit
  • Square Feet: 25,000

Key individuals involved in this transaction include Jared Freede from CBRE, who represents the landlord, IHS Markit, in this deal, while Progyny occupies the leased space.

Players

Jared Freede

CBRE

Broker

14 deals

Broker

New York Retail Market Snapshot

Boundary boundary · Retail · 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