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1359 Broadway, New York Cit...

Empire State Realty Trust Leases Office Space To Claims Conference At 1359 Broadway
LEASEDOffice

Empire State Realty Trust Leases Office Space To Claims Conference At 1359 Broadway

1359 Broadway, New York City, New York 10018, United States

$62

$62/SF

Building Size

33,803 SF

Asset Type

Office

Closing

Mar 28, 2023

AI

The leased property involved in this transaction is an office space located at 1359 Broadway in New York's real estate market. The lease was finalized on 03/28/2023 and spans a total of 11 years. The total square footage of the office space is 33,803, with an asking rent of $62 per square foot.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not applicable
  • Address: 1359 Broadway
  • Market: New York

The landlord for this lease is Empire State Realty Trust, while the tenant is Claims Conference. The landlord was represented by Paul Amrich, Neil King, Emily Chabrier, Meghan Allen, and Shay Kenney from CBRE. On the other hand, the tenant was represented by Jason Schwartzenberg from Savills.

Players

Paul Amrich

CBRE

Broker

37 deals

Broker
Empire State Realty Trust
Empire State Realty TrustLandlord

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

255854.84%

Cash-on-Cash

-73124.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93