Telsey & Company Leases 12000 SF Office Space At 1501 Broadway, New York
LEASED
New York
See Similar DealsOffice12,000 SF
Leased 04/12/2016
LEASED
Telsey & Company Leases 12000 SF Office Space At 1501 Broadway, New York
1501 Broadway, New York, NY, 10036
See Similar DealsOffice12,000 SF
Leased 04/12/2016
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:12,000 SF
Transaction Type:Lease
The office property located at 1501 Broadway, New York, NY, 10036, is the site of the recent lease transaction involving Telsey + Company, a casting agency behind hit Broadway shows like Hamilton and Kinky Boots. The 12,000 square feet space, known as the Paramount Building, was leased by Telsey + Company for a 10-year term.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not provided
- Tenant: Telsey + Company
- Tenant's Representative: Richard Plehn (Lee & Associates)
- Landlord: Paramount Leasehold
- Square Feet: 12,000
- Market: New York
- Asking Rent: $50/SF to $70/SF
The deal was facilitated by C&W’s Seth Hecht and Cresa New York’s Richard Plehn, representing the tenant, Telsey + Company. On the landlord's side, Avison Young’s Arthur Mirante and Michael Gottlieb played crucial roles in the lease agreement negotiations.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$687,832.76
Total Lease Value
$6,878,327.59
Net Landlord Cash Flow$687,832.76
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