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1400 Broadway, New York, NY...

Uber Leases Office Space At 1400 Broadway New York From Empire State Realty Trust
LEASEDCommercial

Uber Leases Office Space At 1400 Broadway New York From Empire State Realty Trust

1400 Broadway, New York, NY, 10018

$62

$62/SF

Building Size

34,600 SF

Asset Type

Commercial

Closing

Nov 19, 2023

AI

The property involved in this lease transaction is located at 1400 Broadway, New York, NY, 10018. The property has a rental rate of $62 per square foot and encompasses a total area of 34,600 square feet in the New York market.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 1400 Broadway, New York, NY, 10018
  • Market: New York
  • Tenant: Uber
  • Landlord: Empire State Realty Trust
  • Tenant's Representative: Alice Fair (CBRE)
  • Rent/SF: $62
  • Square Feet: 34,600

This lease transaction involves the tenant Uber, represented by Alice Fair of CBRE, and the landlord Empire State Realty Trust. The details of the negotiation were handled by the representatives without disclosing specific financial terms of the lease agreement.

Players

Alice Fair

CBRE

Broker

11 deals

Broker
Empire State Realty Trust
Empire State Realty TrustLandlord

New York Commercial Market Snapshot

Boundary boundary · Commercial · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

255854.84%

Cash-on-Cash

-73124.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93