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
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