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1400 Broadway

Cutie Pie Signs 10-Year Sublease For 10,942 SF Office Space At 1400 Broadway In New York With Landlord's Rep Michael Poch & Eric Sears - CBRE And Tenant's Rep Daniel Lolai, Raymond Balassiano & Wayne Siegel - LSL Advisors
LEASEDOffice

Cutie Pie Signs 10-Year Sublease For 10,942 SF Office Space At 1400 Broadway In New York With Landlord's Rep Michael Poch & Eric Sears - CBRE And Tenant's Rep Daniel Lolai, Raymond Balassiano & Wayne Siegel - LSL Advisors

1400 Broadway

$59

Building Size

Asset Type

Office

Closing

Feb 17, 2023

AI

The office property located at 1400 Broadway in New York City has been leased to Cutie Pie. The lease term is for a sublease of 10 years. The property spans over 10,942 square feet and had an asking rent of $59 per square foot.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 1400 Broadway, New York
  • Market: New York City

The landlord in this lease transaction is Empire State Realty Trust. The landlord's representatives in the deal are Michael Poch and Eric Sears from CBRE. Cutie Pie was represented by Daniel Lolai, Raymond Balassiano, and Wayne Siegel from LSL Advisors.

Players

Daniel Lolai

LSL Advisors

Broker

$211.9M

vol

92 deals

Broker
Empire State Realty Trust
Empire State Realty TrustBrokerage
Empire State Realty Trust
Empire State Realty TrustLandlord

Market 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

268864.41%

Cash-on-Cash

-76842.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93