LEASEDOffice
CityPickle Signs 37000 Square Foot Lease At 1501 Broadway For Manhattan Flagship
1501 Broadway
Building Size
37,000 SF
Asset Type
Office
Closing
Jul 29, 2025
AI
1501 Broadway, located in Manhattan, features an office space with a total area of 37,000 square feet. The building is known as the Paramount Building, leased by Paramount Leasehold LP.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1501 Broadway
- Market: Manhattan
- Landlord: Paramount Leasehold LP
- Tenant: Mary Cannon & Erica Desai - CityPickle
- Brokers: Martin Cottingham, Michael Gottlieb, Patrick Steffens & Alexis Odgers - Avison Young
CityPickle has signed a lease to establish its Manhattan flagship at this location, including seven courts, a bar, and a lounge, while also serving as its new headquarters.
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