Modern Post Signs Lease For Office Space In Soho At 434 Broadway
434 Broadway, New York City, New York 10013, United States
Building Size
14,640 SF
Asset Type
Office
Closing
May 12, 2022
AI
The office space located at 434 Broadway in Soho has been leased in a closed transaction. The lease was signed on 05/13/2022.
Summary of transaction details
- Property Type: Office
- Address: 434 Broadway
- Market: Soho
The landlord for this lease is MCRE Partners, while the tenant is Modern Post. The lease deal was facilitated by brokers Daniel Lolai from LSL Advisors and Matt Augarten, Jared Horowitz, and Ben Shapiro from Newmark.
The asking rent for this office space was $110 per square foot. The total square footage of the leased area is 14,640.
Players
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93