facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Lease

/

1400 Broadway

Mott MacDonald Leases 25,372 Square Feet At Empire State Building With Tenant's Rep Colliers
LEASEDOffice

Mott MacDonald Leases 25,372 Square Feet At Empire State Building With Tenant's Rep Colliers

1400 Broadway

Building Size

25,372 SF

Asset Type

Office

Closing

Jul 7, 2025

AI

The asset involved in this transaction is an office space located at 1400 Broadway in Manhattan, with a total square footage of 25,372. The lease was signed by the tenant for a full-floor space at the Empire State Building. The property is under the management of Empire State Realty Trust, with Anthony E. Malkin as the landlord.

Summary of transaction details:

Mott MacDonald has signed a lease for the new office space while retaining its existing 18,434-square-foot office at 1400 Broadway. This represents a strategic expansion for Mott MacDonald in the Manhattan office market.

Players

Scott Klau

Newmark

Broker

21 deals

Broker
Empire State Realty Trust
Empire State Realty TrustBrokerage
Colliers
ColliersBrokerage
Newmark
NewmarkBrokerage
Empire State Realty Trust
Empire State Realty TrustLandlord

Staten Island Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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