Finout Inc Leases 1239 Broadway Office In Manhattan From Justin Management Modified Gross
1239 Broadway
$52
$52/SF
Building Size
12,000 SF
Asset Type
Office
Closing
Jul 31, 2025
AI
An office asset located at 1239 Broadway in Manhattan, offering 12,000 square feet of space. The property is listed with an asking rent of $52 per square foot and is leased under a Modified Gross Lease, reflecting the Manhattan market.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Modified Gross Lease; Asking Rent $52 per SF; SF: 12,000
- Address: 1239 Broadway
- Market: Manhattan
- Asset Type: Office
- Date: 8/1/2025
- Landlord: Justin Management
- Tenant: Finout Inc
- Landlord's Rep: Adam Justin
- Tenant's Rep: Eric Siegel - LSL Advisors; Daniel Lolai - LSL Advisors
The deal involves Justin Management as the landlord and Finout Inc as the tenant. The transaction date is August 1, 2025. The landlord's representative is Adam Justin, and the tenant's representatives are Eric Siegel and Daniel Lolai of LSL Advisors.
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
305057.69%
Cash-on-Cash
-87186.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93