Empire State Realty Trust Leases Office Space At 1359 Broadway To LM Cohen
LEASED
$62
+ 2
New York
See Similar DealsOffice31,362 SF
Leased 05/04/2023
LEASED
Empire State Realty Trust Leases Office Space At 1359 Broadway To LM Cohen
1359 Broadway
See Similar DealsOffice31,362 SF
Leased 05/04/2023
+ 2
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$62
Total Square Footage:31,362 SF
Transaction Type:Lease
The office building at 1359 Broadway in New York City has been leased. The property spans a total of 31,362 square feet and features modern office spaces. The lease term is long-term, providing stability for the tenant.
Summary of transaction details
- Property Type: Office
- Asking Rent: $64/ft
- Square Footage: 31,362
- Lease Term: Long term
- Date: 05/04/2023
- Address: 1359 Broadway
- Market: New York City
The landlord of the property is Empire State Realty Trust, while the sublandlord is Zentalis Pharmaceuticals. The tenant in this lease transaction is LM Cohen. Representing the landlord is David Stockel from CBRE. On the tenant's side, Daniel Lolai, Raymond Balassiano, Wayne Siegel, and Eric Siegel from LSL Advisors serve as the tenant's representatives.
Players
BROKERAGE
LANDLORD
LANDLORD
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$2,229,087.13
Total Lease Value
$22,290,871.34
Net Landlord Cash Flow$2,229,087.13
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