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
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:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 1245 Broadway
- Market: Midtown Manhattan
- Landlord: Michael Kirchmann - GDSNY & Corem Property Group
- Tenant: R/GA
- Landlord's Representative: Neil King, Meghan Allen, James Ackerson & Paul Amrich - CBRE
- Tenant's Representative: Jack Senke & Sheena Gohil - Colliers
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.
Brooklyn 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93