Intradeco Apparel Subleases Office Space At 1370 Broadway In Midtown Manhattan With Watson
LEASED
$45
New York
See Similar DealsOffice9,215 SF
Leased 01/22/2024
LEASED
Intradeco Apparel Subleases Office Space At 1370 Broadway In Midtown Manhattan With Watson
1370 Broadway
See Similar DealsOffice9,215 SF
Leased 01/22/2024
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$45
Total Square Footage:9,215 SF
Transaction Type:Lease
The office property located at 1370 Broadway in Midtown Manhattan has been leased. The lease transaction was completed on 01/22/2024.
Summary of transaction details:
- Property Type: Office
- Address: 1370 Broadway
- Market: Midtown Manhattan
- Sublandlord: Intradeco Apparel
- Subtenant: Watson
- Sublandlord's Representative: Matthew Feigen - Cresa
- Subtenant's Representatives: Wayne Siegel & Raymond Balassiano - LSL Advisors
- Asking Rent: $45/ft
- Square Footage: 9,215
- Lease Type: Modified Gross Lease
Matthew Feigen of Cresa represented the sublandlord, Intradeco Apparel, in this lease transaction. Wayne Siegel and Raymond Balassiano of LSL Advisors represented the subtenant, Watson. The lease agreement was a modified gross lease, with an asking rent of $45 per square foot for the 9,215 square feet of office space at 1370 Broadway.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$475,378.42
Total Lease Value
$4,753,784.15
Net Landlord Cash Flow$475,378.42
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