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1255 1261 Broadway

Rosen Equities Leases Office Space To My Sales In Midtown South For $44 Per Ft
LEASEDOffice

Rosen Equities Leases Office Space To My Sales In Midtown South For $44 Per Ft

1255 1261 Broadway

$44

$44/SF

Building Size

13,600 SF

Asset Type

Office

Closing

Jun 30, 2025

AI

The asset involved in this transaction is an office property located at 1255-1261 Broadway in the Midtown South market. The asking rent for the space is set at $44 per square foot, with a total area of 13,600 square feet. The lease type is classified as a modified gross lease.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $44/ft
  • Size: 13,600 SF
  • Address: 1255-1261 Broadway
  • Market: Midtown South
  • Landlord: Rosen Equities
  • Tenant: My Sales
  • Landlord's Representative: Max Koeppell - Koeppell Rosen
  • Tenant's Representative: Joel Kubie - Benchmark Properties

The deal was facilitated by representatives from both sides, with Max Koeppell of Koeppell Rosen representing the landlord, Rosen Equities, and Joel Kubie from Benchmark Properties representing the tenant, My Sales. The transaction was finalized on July 1, 2025.

Players

Joel Kubie

Benchmark Properties

Broker

$60M

vol

23 deals

Broker
Koeppell Rosen
Koeppell RosenBrokerage

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

360522.73%

Cash-on-Cash

-103038.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93