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
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