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1239 Broadway

Finout Inc Leases 1239 Broadway Office In Manhattan From Justin Management Modified Gross
LEASEDOffice

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

Daniel Lolai

LSL Advisors

Broker

$211.9M

vol

92 deals

Broker
LSL Advisors
LSL AdvisorsBrokerage

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