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1350 Broadway, New York, NY...

Rizzo Group Leases 11835 Square Feet At 1350 Broadway New York From Empire State Realty Trust
LEASEDOffice

Rizzo Group Leases 11835 Square Feet At 1350 Broadway New York From Empire State Realty Trust

1350 Broadway, New York, NY, 10018

Building Size

11,835 SF

Asset Type

Office

Closing

Jul 6, 2021

AI

The property asset involved in this transaction is located at 1350 Broadway, New York, NY, 10018. It comprises 11,835 square feet and is situated in the New York market.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 1350 Broadway, New York, NY, 10018
  • Market: New York
  • Square Feet: 11,835
  • Tenant: Rizzo Group
  • Landlord: Empire State Realty Trust
  • Tenant's Representative: Charles T. Gerace II (JLL), Christopher Kraus (JLL)
  • Landlord's Representative: Keith Cody

Key individuals involved in the deal include the tenant Rizzo Group and the landlord Empire State Realty Trust, with representation from Charles T. Gerace II and Christopher Kraus of JLL for the tenant, and Keith Cody representing the landlord.

Players

Shanae Ursini

Empire State Realty Trust

Broker

12 deals

Broker
Empire State Realty Trust
Empire State Realty TrustLandlord

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93