Updated Nov 28, 2024
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
About this deal
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.
On the Map
$62
$62/SF
Commercial
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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