Zentalis Pharmaceuticals Leases 31362 Square Feet At 1359 Broadway New York From Empire State Realty Trust
1359 Broadway, New York, NY, 10018
Building Size
31,362 SF
Asset Type
Office
Closing
Feb 17, 2022
About this deal
AI
The property involved in this transaction is located at 1359 Broadway, New York, NY, 10018, within the New York market. It encompasses a total area of 31,362 square feet, serving as a commercial lease space. The landlord for this transaction is Empire State Realty Trust.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1359 Broadway, New York, NY, 10018
- Market: New York
- Square Feet: 31,362
- Tenant: Zentalis Pharmaceuticals
- Landlord: Empire State Realty Trust
- Tenant's Representative: Justin Royce from Cushman & Wakefield
- Landlord's Representative: Keith Cody
This deal was facilitated by the representatives involved, where Justin Royce acted on behalf of the tenant, Zentalis Pharmaceuticals, while Keith Cody represented the landlord, Empire State Realty Trust, indicating the collaboration between the brokerage firms for a successful lease agreement.
On the Map
Office
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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