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145 West 45th Street, Manha...

Museum Of Broadway Leases Office Space At 145 West 45th Street In Times Square
LEASEDOffice

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

Daniel Lolai

LSL Advisors

Broker

$211.9M

vol

91 deals

Broker
MB
Museum Of BroadwayTenant

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