GDSNY Leases Office Space To Parloa At 1245 Broadway With CBRE And LSL Advisors As Representatives
1245 Broadway
$92
$92/SF
Building Size
14,731 SF
Asset Type
Office
Closing
Dec 2, 2025
AI
The property is located at 1245 Broadway in the NoMad neighborhood of Manhattan. It is an office asset comprising a total square footage of 14,731. The lease type for this transaction is a Modified Gross Lease, with an asking rent of $92 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $92/ft
- Square Footage: 14,731
- Address: 1245 Broadway
- Market: NoMad, Manhattan
- Landlord: GDSNY
- Tenant: Parloa
- Landlord's Representative: Meghan Allen & James Ackerson - CBRE
- Tenant's Representative: Eric Siegel, Daniel Lolai & Chery Anavian - LSL Advisors
The representatives involved in the transaction include Meghan Allen and James Ackerson from CBRE, who represent the landlord GDSNY, while Eric Siegel, Daniel Lolai, and Chery Anavian from LSL Advisors represent the tenant Parloa.
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
172423.91%
Cash-on-Cash
-49279.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93