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1245 Broadway

Updated Sep 17, 2025

R/GA Leases 15,315 Square Feet Office Space At 1245 Broadway In Midtown Manhattan
LEASEDOffice

R/GA Leases 15,315 Square Feet Office Space At 1245 Broadway In Midtown Manhattan

1245 Broadway

Building Size

15,315 SF

Asset Type

Office

Closing

Sep 15, 2025

About this deal

AI

The property asset involved in the transaction is located at 1245 Broadway in Midtown Manhattan. The office space covers an area of 15,315 square feet and is now leased to R/GA. The deal marks a significant relocation, as R/GA has moved its New York offices from Dock 72 in Brooklyn.

Summary of transaction details:

This transaction includes key representatives from both the landlord and tenant sides. The landlord's team, represented by Neil King, Meghan Allen, James Ackerson, and Paul Amrich from CBRE, facilitated the leasing process. On the tenant side, Jack Senke and Sheena Gohil from Colliers represented R/GA, adding the agency to a roster of notable tenants that includes Peachy and JKS Restaurants.

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Players

Paul Amrich

CBRE

Broker

43 deals

Broker
Colliers
ColliersBrokerage
CBRE
CBREBrokerage

Michael Kirchmann

GDSNY

Landlord

$95.2M

vol

6 deals

Landlord
GDSNY
GDSNY Landlord
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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

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