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Empire State Realty Trust Leases 31,500 SF Office Space At 1400 Broadway To AXNY

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LEASED
Erika McNeil
Scott Klau
+ 6

New York

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Office31,500 SF
Leased 04/20/2021
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LEASED

Empire State Realty Trust Leases 31,500 SF Office Space At 1400 Broadway To AXNY

1400 Broadway, Manhattan, New York, NY, USA

See Similar Deals
Office31,500 SF
Leased 04/20/2021
Erika McNeil
Scott Klau
+ 6
Contact now

Summary

NEW YORK
Asset Type:Office
Total Square Footage:31,500 SF
Transaction Type:Lease

1400 Broadway, located in Midtown, has been leased to AXNY. The office space spans approximately 31,500 square feet and was leased for an asking rent of $53 per square foot. The lease agreement was signed on September 28, 2021. Empire State Realty Trust is the landlord of the property, while Kohl's Dept Stores serves as the sublandlord. Daniel Lolai and Eric Siegel from LSL Advisors represented AXNY in the transaction. Matthew Astrachan and Erika McNeil from JLL represented the landlord, Empire State Realty Trust.

Summary of transaction details:

  • Property Type: Office
  • Transaction Date: September 28, 2021
  • Address: 1400 Broadway, Midtown
  • Sublandlord: Kohl's Dept Stores
  • Subtenant: AXNY
  • Tenant's Representatives: Daniel Lolai and Eric Siegel - LSL Advisors
  • Landlord's Representatives: Matthew Astrachan and Erika McNeil - JLL
  • Asking Rent: $53 per square foot
  • Leased Square Footage: 31,500 square feet

Erika McNeil, Matthew Astrachan, Eric Siegel, and Daniel Lolai played instrumental roles in the lease transaction of 1400 Broadway. Erika McNeil and Matthew Astrachan represented the landlord, Empire State Realty Trust, while Daniel Lolai and Eric Siegel acted as AXNY's representatives through LSL Advisors.

Players

Daniel Lolai
91 deals$211.9M volume
BROKER

Eric Siegel
LSL Advisors
56 deals$96M volume(732) 615-8506
BROKER

Alan Desino
Colliers
2 deals
BROKER

Keith Cody
7 deals
BROKER

Scott Klau
Newmark
21 deals
BROKER

Erik Harris
Newmark
26 deals$300.4M volume
BROKER

Neil Rubin
Newmark
11 deals
BROKER

Matthew Astrachan
JLL
17 deals$49.5M volume
BROKER

Erika McNeil
JLL
1 deal
BROKER

Empire State Realty Trust
BROKERAGE

Details

LEASED
IMAGE: Erika McNeil, Matthew Astrachan, Eric Siegel & Daniel Lolai DATE: 09/28/2021 ADDRESS: 1400 Broadway MARKET: Midtown ASSET TYPE: Office LANDLORD: Empire State Realty Trust SUBLANDLORD: Kohl's Dept Stores SUBTENANT: AXNY TENANT'S REP: Daniel Lolai (@DanLolai) & Eric Siegel - LSL Advisors (@LSLAdvisors) LANDLORD'S REP: Matthew Astrachan (@MAstrachan7904) & Erika McNeil - JLL (@JLL) ASKING RENT: $53/ft. ~ SF: 31,500

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Deal Type
Effective Rent (Annual)

$1,805,560.99

Total Lease Value

$18,055,609.92

Net Landlord Cash Flow$1,805,560.99