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1245 Broadway

GDSNY Leases Office Space To Parloa At 1245 Broadway With CBRE And LSL Advisors As Representatives
LEASEDOffice

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:

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

Daniel Lolai

LSL Advisors

Broker

$211.9M

vol

91 deals

Broker
LSL Advisors
LSL AdvisorsBrokerage
CBRE
CBREBrokerage

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