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David Sandman Of New York Health Foundation Renews 15-Year Lease At 1385 Broadway In Midtown Manhattan
LEASED
New York
See Similar DealsOffice17,000 SF
Leased 05/06/2025
LEASED
David Sandman Of New York Health Foundation Renews 15-Year Lease At 1385 Broadway In Midtown Manhattan
1385 Broadway
See Similar DealsOffice17,000 SF
Leased 05/06/2025
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:17,000 SF
Transaction Type:Lease
The office asset located at 1385 Broadway in Midtown Manhattan features a total square footage of 17,000. The property has been a long-term occupant for the New York Health Foundation.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1385 Broadway
- Market: Midtown Manhattan
- Lease Term: 15 years
- Landlord: Bloomingdale Properties
- Tenant: David Sandman - New York Health Foundation
- Landlord's Representative: Brian Neugeboren, Matthew Savitt & Nicole Goetz - Savitt Partners
- Tenant's Representative: Brett Stein, Brian Waterman, David Berke & Lance Korman - Newmark
The New York Health Foundation has renewed its lease at the property, having occupied the entire 23rd floor since 2010, indicating a stable and ongoing commitment to this location.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$974,429.74
Total Lease Value
$9,744,297.41
Net Landlord Cash Flow$974,429.74
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