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1359 Broadway, New York, NY...

Zentalis Pharmaceuticals Leases 31362 Square Feet At 1359 Broadway New York From Empire State Realty Trust
LEASEDOffice

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

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.

Players

Justin Royce

Cushman & Wakefield

Broker

15 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