Museum Of Broadway Leases Office Space At 145 West 45th Street In Times Square
145 West 45th Street, Manhattan, New York, NY, USA
Building Size
26,200 SF
Asset Type
Office
Closing
Aug 10, 2021
AI
Located in Times Square, the office property at 145 West 45th Street has been leased. The transaction took place on August 11, 2021. The tenant of the property is the Museum Of Broadway, while the landlord is H&K Associates. The leasing deal was facilitated by brokers Daniel Lolai from LSL Advisors, Amy Zhen from Cushman Wakefield, and Matthew Schuss from JLL. The property spans 26,200 square feet and the asking rent for the lease was $115 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not applicable
- Address: 145 West 45th Street
- Market: Times Square
- Tenant: Museum Of Broadway (@museumofbroadway)
- Landlord: H&K Associates
- BROKERS: Daniel Lolai - LSL Advisors, Amy Zhen - Cushman Wakefield, and Matthew Schuss - JLL
The leasing deal at 145 West 45th Street in Times Square involved the Museum Of Broadway as the tenant and H&K Associates as the landlord. The transaction was successfully closed with the assistance of Daniel Lolai from LSL Advisors, Amy Zhen from Cushman Wakefield, and Matthew Schuss from JLL. The property offers approximately 26,200 square feet of office space and the rental rate was set at $115 per square foot.
Players
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93